A debit to an account balance always results in the balance increasing.A debit increases assets,dividends,and expenses,but decreases liabilities,stockholders' equity,and revenues.
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Q17: Deferred Revenue is a liability account.
Q27: Revenue accounts increase with a debit and
Q28: Liability accounts increase with a debit and
Q29: For each transaction,there must be at least
Q30: The Dividends account increases with a credit
Q32: Expense accounts increase with a debit and
Q33: Liability accounts increase with a credit and
Q34: The general ledger includes all accounts used
Q35: Selling common stock for cash is recorded
Q36: Paying employees' salaries for the current period
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