2. Revenue accounts are increased by credits A. True B. False 5. The accounting equation...
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Accounting
2. Revenue accounts are increased by credits A. True B. False
5. The accounting equation may be expressed as: A. Assets = Revenues Expenses B. Assets + Liabilities = Stockholders Equity C. Assets Equities = Liabilities D. Assets = Liability + Stockholders Equity
6. Debiting the cash account will increase the account. A. True B. False
7. A chart of accounts is: A. usually listed in the order in which they appear in financial statement. B. Usually a listing of accounts in alphabetical order C. The same as a balance sheet D. One of the four financial statements.
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