GB 518 RANK Let's Do This /gb518rank.com GB 518 RANK Let's Do This /gb518rank.com | Page 16

$40,500 increase
$40,500 decrease
$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