What effect do debits have on asset accounts? On liability accounts?
What will be an ideal response?
Debits increase asset accounts. Debits decrease liability accounts.
Debits increase asset accounts; credits decrease asset accounts. Debits decrease liability and stockholders' equity accounts; credits increase liability and stockholders' equity accounts.
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For industrial nations, tariffs on raw materials are generally
a. higher than on agricultural products. b. lower than on manufactured products. c. equal to tariffs on manufactured products. d. lower than on agricultural products.
Retailers address the conflict between consumers wanting or needing only one item and manufacturers wanting to produce and ship in quantity by providing
A. storage. B. discounting. C. simplicity. D. reciprocity. E. extreme value labeling.
Puneet is a member of a student project team in her Organizational Behavior class. In order to assess the extent to which her team is cohesive, she should ask which of these questions?
A. How well do members of her group get along with each other? B. What is she getting out of the group’s activities? C. How much will these people help her grade? D. Will she need to waste time with them outside of class?
Business situations often have relationships that are often not proportional or additive
a. True b. False