A credit to which account will increase equity?
A) Electricity payable.
B) Prepaid insurance.
C) Revenue.
D) Plant and equipment.
Correct Answer:
Verified
Q3: The cash payment of a liability:
A) decreases
Q4: A cash payment of a dividend:
A) decreases
Q5: An expense incurred:
A) decreases assets and liabilities.
B)
Q6: When a business receives an unpaid electricity
Q7: A $20,000 machine is purchased by paying
Q9: The Dividends paid account:
A) normally has a
Q10: Selected transactions for Kookaburra Ltd are listed
Q11: Selected transactions for Kookaburra Ltd are listed
Q12: Selected transactions for Kookaburra Ltd are listed
Q13: Selected transactions for Kookaburra Ltd are listed
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