Credit Entry
Not what you're looking for?
A credit entry to an account will:
A. Always decrease the account balance.
B. Always increase the account balance.
C. Increase the balance of a revenue account.
D. Increase the balance of an expense account.
Purchase this Solution
Solution Summary
This problem is a multiple choice problem analyzing the impact of a credit entry to an account.
Solution Preview
Answer: C
A credit is entered on the right side of the T-account.
If a credit is entered into a revenue account this increases its balance since revenue ...
Purchase this Solution
Free BrainMass Quizzes
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.