Description of this paper

Match the account to the effect of debits. Match the account to the effect of credits.

Description

solution


Question

Match the account to the effect of debits.;Answer;Cash A. A debit will increase this account.;Retained earnings B. A debit will decrease this account.;Accounts Payable C. A debit will have no effect on this account.;Land D. NA;Building;Accounts receivable;Supplies;Capital;Notes payable;Equipment;Match the account to the effect of credits.;Answer;A. A credit will increase this account.;Cash B. A credit will decrease this account.;Retained earnings C. A credit will have no effect on this account.;Accounts Payable D. NA;Land;Building;Accounts receivable;Supplies;Capital;Notes payable;Equipment

 

Paper#80903 | Written in 18-Jul-2015

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