Revenue accounts are
A) Increased with debit entries
B) Assets
C) Increased with credit entries
D) Subtracted from capital stock
Correct Answer:
Verified
Q20: Borrowing money from a bank
A) Increases assets
Q21: Which of the following accounts is decreased
Q22: When accounts receivable are collected,
A) Total assets
Q23: When a note payable is given to
Q24: The supplies expense account
A) Normally has a
Q26: An entry to the right side of
Q27: Which of the following groups of accounts
Q28: Expense and revenue accounts can be considered
Q29: Usually, when accounts receivable are collected, an
Q30: When equipment is purchased with a cash
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