Ask Question
BusinessBusiness
15 October, 11:03

Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability.

+5
Answers (1)
  1. 15 October, 11:59
    0
    B : assets

    Explanation:

    As we know that

    The debit columns report assets and expenditures side while revenues shareholder equity and the liabilities side are reported in the credit column.

    Since we know that asset and the expenses account has a debit balance that means if they are increased so it would be recorded in the debit side and if it decreases so it would be recorded in the credit side that reflects the direct relationship.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received? a. $58,400 b. $55,200 c. $60,000 d. $61,600
Answers (2)
The George Washington University encourages students to think critically and to challenge the status quo. Thus, civil discourse is a key characteristic of our community.
Answers (1)
Which of the following statements concerning the procurement process are TRUE? a. Vendor billing is one of the steps. b. Only one FI document is created. c. Goods receipt is one of the steps. d.
Answers (1)
4. Some companies have begun to focus their decision making on the triple bottom line. Which three of the following are the three key concepts of the triple bottom line?
Answers (1)
New Questions in Business
Kamper Company sells two products Big Z and Little Z. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base.
Answers (1)
What government organization formed to enforce antitrust laws and to make sure the interests of small businesses were protected against corporations? internal revenue service department of labor better business bureau federal trade commission?
Answers (2)
A seller listed his property exclusively with saldivar realty. even though the property sold during the period of the listing, if the seller was not required to pay a commission to saldivar realty, what type of listing agreement probably existed
Answers (1)
Riverton Sails currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. The company owns land beside its current manufacturing facility that could be used for the expansion.
Answers (1)
Advertising should focus on benefits more than features. What are benefits? A. Ways a product will improve a customer's life by solving problems or making the customer feel good B. The notable qualities or characteristics of a product C.
Answers (1)
Home » Business » Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability.
Sign Up Forgot Password?