Question 3. Question: A debit is: An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account
Question 4. Question: Which of the following elements are found on the Balance Sheet?
Service Revenue Net Income Operating Activities Utilities Expense Retained Earnings
Question 5. Question: A credit is used to record:
$ 134,500 decrease $ 134,000 increase
Question 3. Question: A debit is: An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account
Question 4. Question: Which of the following elements are found on the Balance Sheet?
Service Revenue Net Income Operating Activities Utilities Expense Retained Earnings