In which of the following types of accounts are decreases recorded by debits?
A) assets
B) revenues
C) expenses
D) drawing
B
You might also like to view...
A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing wastage of valuable direct materials
The production manager decided to purchase a higher grade of materials that would be more reliable, but he was worried that the cost of the new materials might negatively affect operating income. This would produce a(n) ________. A) unfavorable direct materials cost variance B) favorable direct labor cost variance C) favorable direct labor efficiency variance D) unfavorable direct materials efficiency variance
What are the competitive benefits that first movers in an industry experience?
What will be an ideal response?
An enterprise that conducts business following a merger or consolidation succeeds to all of the following except: ______
A) all of the rights of the predecessor. B) all of the property of the predecessor. C) all of the debts and liabilities of the predecessor. D) all of the management team of the predecessor.
A verification may be on a separate page attached to a court document
Indicate whether the statement is true or false.