Which of the following transactions will increase an asset and increase a liability?
A. Buying equipment on account.
B. Purchasing office equipment for cash.
C. Issuing stock.
D. Payment of an account payable.
查看答案
Which of the following transactions will increase an asset and increase stockholders’ equity?
A. Collecting cash from a customer on an account receivable.
B. Performing a service on account for a customer.
C. Borrowing money from a bank.
D. Purchasing supplies on account.
Where do we first record a transaction?
A. Ledger
B. Trial balance
C. Account
D. Journal
Which of the following is not an asset account?
A. Common Stock
B. Salary Expense
C. Service Revenue
D. None of the listed accounts is an asset.
Which statement is false?
A. Revenues are increased by credits.
B. Assets are increased by debits.
C. Dividends are increased by credits.
D. Liabilities are decreased by debits.
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