Which accounts normally have credit balances?
A) Assets, expenses and retained earnings.
B) Liabilities, owners equity and expenses.
C) Liabilities, owners equity, and retained earnings.
D) Revenue, assets and retained earnings.
E) Revenue, dividends, and liabilities.
Correct Answer:
Verified
Q11: Journal entries:
A) Are presented in account number
Q12: The Smith Show Events company took up
Q13: In the current year the Budget Hotel
Q14: With respect to double entry accounting systems,
Q15: A credit entry can have the effect
Q17: Which of the following statements about journal
Q18: In its most recent financial year, Gold
Q19: In the current year the Budget Hotel
Q20: A revenue account:
A) Is increased by debit
Q21: A hotel sold four cases of wine
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