Solved

For Liabilities and Revenues,a Debit Increases the Account

Question 30

True/False

For liabilities and revenues,a debit increases the account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q26: The process of copying from the journal

Q27: In the standard accounting system,we use double

Q28: When recording a transaction in a journal,the

Q29: Which of the following accounts decreases with

Q31: The owner's capital account is increased by

Q32: Which of the following is the detailed

Q33: Which of the following accounts increases with

Q34: A book holding all of the accounts

Q57: An asset account is increased by a

Q77: An account that normally has a debit

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents