Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 36

Which of the following explains the debit and credit rules relating to the recording of revenue and expenses
a.xpenses appear on the left side of the balance sheet and are recorded by debits; revenue appears on the right side of the balance sheet and is recorded by credits.
b.xpenses appear on the left side of the income statement and are recorded by debits; revenue appears on the right side of the income statement and is recorded by credits.
c.he effects of revenue and expenses on owners' equity.
d.he realization principle and the matching principle.