The increase of expense should be debited to expense accounts.
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
- Generally when an expense is involved in a transaction, an expense will be_____? A: debited B: credited C: go up D: go down
- 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
- 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
- Which of the following accounts is closed （ ）. A: Supplies B: Supplies Expense C: Prepaid Insurance D: Accounts Receivable