举一反三
- 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
- 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
- Which<br/>of the following situations would result in an increase in income<br/>under the accrual method of accounting, but would NOT result in an<br/>increase in income under the cash-basis method of accounting?(). A: Purchase of supplies for cash B: Performance of services on account C: Use of supplies purchased earlier D: Receipt of cash for services that were performed earlier on account
- Which<br/>of the following situations would result in an increase in income<br/>under the accrual method of accounting, but would NOT result in an<br/>increase in income under the cash-basis method of accounting? ( ) A: Purchase<br/>of supplies for cash B: Use<br/>of supplies purchased earlier C: Performance<br/>of services on account D: Receipt of cash for services that were performed earlier on account
- If an expense account is credited, the expense account is increased()
内容
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The purchase of office supplies on account will: ( ). A: Increase an asset and decrease a liability B: Increase one asset and decrease another asset C: Increase an asset and increase a liability D: Decrease an asset and decrease a liability
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The increase of expense should be debited to expense accounts.
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Which one of the following statements is correct? A: An increase in an asset is a debit and an increase in an expense is a credit B: An increase in capital is a debit and an increase in a liability is a credit C: An increase in an expense is a debit and a reduction in an asset is a credit D: A reduction in a liability is a debit and an increase in an expense is a credit
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expense account money
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Which of the following is an example of following the principle of faithful representation? A: Showing finance lease payments as a rent expense B: Being prudent by recording the entire amount of a convertible loan as a liability C: Recording the future payments under an operating lease as a long-term liability D: Recording a sale and repurchase transaction with a bank as a loan rather than a sale