Which of the following normally have a credit balance?
A) Assets and revenue
B) Expenses and assets
C) Prepaid expenses and revenues
D) Liabilities and owner's equity
E) None of the above.
Correct Answer:
Verified
Q2: In double entry accounting:
A) With respect to
Q3: In a hotel, which of the following
Q4: The retained earnings account represents:
A) The undistributed
Q5: For the current financial year a hotel
Q6: In the current year the Budget Hotel
Q8: When a hotel pays off a bank
Q9: With respect to double entry accounting systems,
Q10: A hotel's junior accountant was recording advertising
Q11: Journal entries:
A) Are presented in account number
Q12: The Smith Show Events company took up
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