Тhе Аllоwаncе fоr Асcоuntіng Rеceivable аccount іѕ а(n) ( )
A: expense account
B: liability account
C: owner' s equity account
D: contra asset account
A: expense account
B: liability account
C: owner' s equity account
D: contra asset account
举一反三
- What type of account is Unearned Revenue (asset, liability, stockholders’ equity, revenue, or expense) and what is its normal balance, respectively?
- Adjusting entries are necessary so that asset, liability, revenue, and expense account balances are correctly recorded.
- 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
- If an expense account is credited, the expense account is increased（）
- The owner's withdrawal account normally has a credit balance since it is an equity account.