The credit side of the T account records:
A) Increases in assets and expenses.
B) Increases in income, liabilities and capital.
C) Decreases in income and expenses.
D) Decreases in assets, liabilities and capital.
Correct Answer:
Verified
Q2: The debit side of the T account
Q3: A credit entry to a debit account
Q4: A debit entry to a debit account
Q5: A debit entry to a credit account
Q6: A credit entry to a credit account
Q7: Making a debit entry to a T
Q8: Making a credit entry to a T
Q9: Making a debit entry to a T
Q10: Making a credit entry to a T
Q11: Margot Limited makes cash sales in September
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents