Expenses increase shareholders' equity. That is why they are credits.
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Q118: On a trial balance the total of
Q119: An expense account is known as a
Q120: The left side of a T-account is
Q121: In the journal you will find the
Q122: The retained earnings account represents the money
Q124: Every transaction affects at least two accounts.
Q125: Every accounting transaction involves an increase in
Q126: Debits are always recorded (journalized) after credits.
Q127: Moving data to the ledger is known
Q128: The trial balance lists all the balance
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