An account that would be increased by a credit is:
A.Cash.
B.Utilities Expense.
C.Unearned Revenue.
D.Prepaid Expense.
Cash and Expenses are increased in case of debit balance.
So correct answer is unearned revenue.
An account that would be increased by a credit is: A.Cash. B.Utilities Expense. C.Unearned Revenue. D.Prepaid...
to. An account that would be increased by a credit is: . a) Fax Machine. b) Fees Eamed. .. c) Salary Expense. d) J. Smith, Withdrawals.
Which account is increased by a credit? Multiple Choice Interest Expense o Supplies Supplies Accounts Receivable Service Revenue
A credit to an asset account was posted as a credit to a revenue account. This error would cause: Group of answer choices assets to be more than should be. revenue to be more than it should be. expenses to be more than should be. Both A and B are correct.
A credit to a Liability account was posted as a credit to an Expense account. This error would cause: A. Expenses to be overstated. B. Assets to be overstated. C. Liabilities to be understated. D. Liabilities to be overstated.
An adjusting entry should never includea. a debit to an expense account and a credit to a liability account.b. a debit to an expense account and a credit to a revenue account.c. a debit to a liability account and a credit to revenue account.d. A debit to a revenue account and a credit to a liability account.
A credit to an Asset account was posted as a credit to the Revenue account. This error would cause: A.liabilities to be overstated. B.capital to be understated. C.revenue to be overstated. D.Both A and C are correct.
13. Would a debit or a credit increase the balance in the rent expense account when making a journal entry? 14. Would a debit or a credit decrease the balance in the Account Payable account when making a journal entry?
When an expense account is increased: A. cash must always be credited. O B. an amount is entered on the debit side of the expense account. O c. stockholders' equity is not affected. O D. an amount is entered on the credit side of the expense account.
31) A business uses a credit to record: A) An increase in an expense account. B) A decrease in an asset account. C) A decrease in an unearned revenue account. D) A decrease in a revenue account. E) A decrease in a capital account. 32) Identify the statement below that is correct: A) The left side of a T-account is the credit side. B) Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts. C) The left...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account, and (3) select debit (Dr) or credit (C.) to identify the kind of entry that would increase the account balance.