The increase of revenue should be ( ).
A: debited to a revenue account
B: debited to a expense account
C: credited to a revenue account
D: credited to a expense account
A: debited to a revenue account
B: debited to a expense account
C: credited to a revenue account
D: credited to a expense account
C
举一反三
- If an expense account is credited, the expense account is increased（）
- Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.
- Which one of the following would be an error of principle? A: Plant and machinery purchased was credited to a non-current assets account B: Plant and machinery purchased was debited to the purchases account C: Plant and machinery purchased was debited to the equipment account D: Plant and machinery purchased was credited to the equipment account
- Which of the following is not a temporary account?（ ）。 A: Expense B: Revenue C: Common Stock D: Dividends
- What type of account is Unearned Revenue (asset, liability, stockholders’ equity, revenue, or expense) and what is its normal balance, respectively?
内容
- 0
Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly recorded.
- 1
When a company pays a bill, the account Cash will be__. A: No change B: Debited C: Credited
- 2
The increase of expense should be debited to expense accounts.
- 3
Generally when an expense is involved in a transaction, an expense will be_____? A: debited B: credited C: go up D: go down
- 4
Unearned revenue is closed to the income summary account at the end of the accounting period.