If an expense account is credited, the expense account is increased（）
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举一反三
- 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
- expense account money
- When an expense account is increased: A: an amount is entered on the credit side of the expense account. B: stockholders' equity is not affected. C: an amount is entered on the debit side of the expense account. D: cash must always be credited.
- Bad debt expense is recorded when an account is determined to be uncollectible.
- For example, the purchase of advertising services on account, the recording of the expense will be accompanied by an increase in . A: liabilities B: assets C: cost D: expense
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For example, the purchase of advertising services on account, the recording of the expense will be accompanied by an increase in .
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The method of increasing the expense when the business writes an account off is called:
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Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( ) A: expense account B: liability account C: owner' s equity account D: contra asset account
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Which of the following is not a temporary account?（ ）。 A: Expense B: Revenue C: Common Stock D: Dividends
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Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly recorded.