A: A debit records an increase in liabilities.
B: A debit records a decrease in assets.
C: A credit records an increase in liabilities.
D: A credit records an decrease in capital.
举一反三
- 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
- Debit entry of "Reserve Assets" records the decreases in Reserve Assets.
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- Which of the following is a debit entry? A: Sales B: An increase in a liability C: A decrease in an asset D: An increase in cash
- A decrease in the allowance for receivables would result in: A: An increase in liabilities and assets. B: A decrease in gross profit. C: A decrease in net profit. D: An increase in net profit.
内容
- 0
The current ratio is measured as: A: current assets minus current liabilities. B: current assets divided by current liabilities. C: current liabilities minus inventory, divided by current assets. D: cash on hand divided by current liabilities. E: current liabilities divided by current assets.
- 1
At the beginning of the period assets are $18,000 and at the end of the period assets are $21,000. At the beginning of the period liabilities are $11,000 and at the end of the period liabilities are $10,000. How did owners' equity for the period change? A: Decrease of $1,000 B: Increase of $3,000 C: Increase of $1,000 D: Decrease of $3,000 E: Increase of $4,000
- 2
Which of the following should be entered as a credit A: Economic transactions lead to increase of financial assets B: Economic transactions lead to decrease of financial assets C: Economic transactions lead to increase of fliabilities to foreigners D: Economic transactions lead to decrease of fliabilities to foreigners
- 3
An expense:（ ）。 A: Has the same normal balance as liabilities. B: Is the increase in stockholders’ equity as a result of providing goods or services. C: Is the decrease in liabilities as a result of providing goods or services. D: Is the decrease in stockholders’ equity as a result of providing goods or services.
- 4
Translate the following sentence into Chinese. "Double-entry bookkeeping is an accounting technique which records each transaction as both a credit and a debit."