The result of a credit to accounts

Assignment Help Financial Accounting

Reference no: EM13824369

What would be the result of a credit to these accounts?

CASH REVENUE COMMON STOCK

Select one:

a. increase increase decrease

b. decrease increase increase

c. decrease increase decrease

d. increase decrease increase

Reference no: EM13824369

Questions Cloud

Explain the main reasons why you believe consumers ignore : consider alternate strategies that the advertisers could have used in order to develop a more sound and persuasive argument. Explain the main reasons why you believe consumers ignore these errors in reasoning.

Written and oral agreements are equally enforceable : According to the text, written and oral agreements are equally enforceable. (p.107) There are factors for these agreements to be a legal. There are six elements that need to be present which are, a legal offer, legal acceptance, consideration, genuin..

What are flexible budget amounts of fixed and variable costs : Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?

Discuss the raising and lowering of interest rates : In today's financial world, the interest rates established by the Federal Reserve have a great impact on the way people invest their money and run their business. Every time the Federal Reserve meets to discuss the raising and lowering of interest ra..

The result of a credit to accounts : What would be the result of a credit to these accounts?

Sales price variance and sales volume variance : Farad, Inc. specializes in selling used SUVs. During the first six months of 2013, the dealership sold 50 trucks at an average price of $9,000 each. The budget for the first six months of 2013 was to sell 45 trucks at an average price of $9,500 each...

What is a condition precedent : What is a condition precedent? Provide me with an example.

Increased by a debit to the account : Which of the following shows only accounts that are increased by a debit to the account?

Excluding cash receipts from loans received : Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments) for the first three months of next year.

User Account

All Pages