Which usually indicates an error?
A) A debit balance in Cash.
B) A credit balance in Land.
C) A debit balance in Rent Expense.
D) A credit balance in Owner's Capital.
Correct Answer:
Verified
Q49: An account consists of
A) a title a
Q53: The best interpretation of the word credit
Q55: A T-account is
A) a way of depicting
Q77: The left side of an account is
A)
Q78: An account is a part of the
Q81: Which of the following increases the Owner's
Q83: Debits are used to
A) decrease both asset
Q84: Credits are used to
A) decrease both asset
Q85: Which increases owner's capital?
A) Revenues
B) Cash collections.
C)
Q86: Debit always means
A) increase.
B) decrease.
C) left side
D)
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