Select the account below that normally has a credit balance

8 of 29 27/87,Select the account below that normally has a credit balance. A. Cash. B. Office Equipment. C. Wages Payable. D. Dividends. E. Sales Salaries Expense. 28/88.A debit is used to record which of the following? A. A decrease in an asset account B. A decrease in an expense aocount. C. An increase in a revenue account D. An increase in a contributed capital account E. An increase in the dividends account. 29/89 A credit entry A. Increases asset and expense accounts, and decreases Eability, stockholders equity, and revenue accounts. B. Is always a decrease in an account. C. Decreases asset and expense accounts, and increases liability, stockholders equity, and revenue accounts D, Is recorded on the left side of a T-account. E. Is always an increase in an account. 30/90.A double-entry accounting system is an accounting system: A. That records each transaction twice. B. That records the effects of transactions and other events in at least two accounts with equal debits and credts. C. In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits. D. That may only be used if T-accounts are used. E. That insures that errors never occu 8 of 29 27/87,Choose the account under that usually has a credit score steadiness. A. Money. B. Workplace Tools. C. Wages Payable. D. Dividends. E. Gross sales Salaries Expense. 28/88.A debit is used to document which of the next? A. A lower in an asset account B. A lower in an expense aocount. C. A rise in a income account D. A rise in a contributed capital account E. A rise within the dividends account. 29/89 A credit score entry A. Will increase asset and expense accounts, and reduces Eability, stockholders’ fairness, and income accounts. B. Is at all times a lower in an account. C. Decreases asset and expense accounts, and will increase legal responsibility, stockholders’ fairness, and income accounts D, Is recorded on the left aspect of a T-account. E. Is at all times a rise in an account. 30/90.A double-entry accounting system is an accounting system: A. That information every transaction twice. B. That information the results of transactions and different occasions in not less than two accounts with equal debits and credts. C. During which every transaction impacts and is recorded in two or extra accounts however that might embrace two debits and no credit. D. Which will solely be used if T-accounts are used. E. That insures that errors by no means occu

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8 of 29 27/87,Select the account below that normally has a credit balance. A. Cash. B. Office Equipment. C. Wages Payable. D. Dividends. E. Sales Salaries Expense. 28/88.A debit is used to record which of the following? A. A decrease in an asset account B. A decrease in an expense aocount. C. An increase in a revenue account D. An increase in a contributed capital account E. An increase in the dividends account. 29/89 A credit entry A. Increases asset and expense accounts, and decreases Eability, stockholders equity, and revenue accounts. B. Is always a decrease in an account. C. Decreases asset and expense accounts, and increases liability, stockholders equity, and revenue accounts D, Is recorded on the left side of a T-account. E. Is always an increase in an account. 30/90.A double-entry accounting system is an accounting system: A. That records each transaction twice. B. That records the effects of transactions and other events in at least two accounts with equal debits and credts. C. In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits. D. That may only be used if T-accounts are used. E. That insures that errors never occu

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