Which of the following types of entries would NOT usually be made?
A) A credit to an asset account, a debit to a liability account
B) A debit to an asset account, a credit to a liability account
C) A debit to an asset account, a credit to an owners' equity account
D) A debit to an asset account, a debit to a liability account
Correct Answer:
Verified
Q10: Which of the following steps is normally
Q11: Business documents are used as records of
Q12: The basic accounting equation is
A) Assets =
Q13: Owners' equity accounts are decreased with
A) Debit
Q14: The basic accounting equation
A) Is out of
Q16: An entry to the left side of
Q17: The purchase of supplies on account
A) Increases
Q18: If a company paid off a loan,
Q19: If a company purchased equipment for cash,
Q20: Borrowing money from a bank
A) Increases assets
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