Question #121563
Which statement about transferring funds between 2 assets accounts is true?
A. Debit the account that's increasing & credit the account that's decreasing.
B. Credit the account that's increasing & credit the account that's decreasing.
C. Credit both the account that's increasing & credit the account that's decreasing.
Which statement about deleted & voided transactions is true?
A. Both are recorded & become part of the overall records.
B. Both are removed from the overall records.
C. Voided transactions are removed; deleted transactions are recorded & become part of the overall records.
Which of these accounts has its own register?
Sales, rent expense, or opening balance equity
A. Debit the account that's increasing & credit the account that's decreasing.
B. Credit the account that's increasing & credit the account that's decreasing.
C. Credit both the account that's increasing & credit the account that's decreasing.
Which statement about deleted & voided transactions is true?
A. Both are recorded & become part of the overall records.
B. Both are removed from the overall records.
C. Voided transactions are removed; deleted transactions are recorded & become part of the overall records.
Which of these accounts has its own register?
Sales, rent expense, or opening balance equity
Expert's answer
A.
A.
opening balance equity
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