Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a credit to a liability account 1 indicates an inc

A credit to a liability account 1 indicates an increase in the amount owed to...

60.1K

Verified Solution

Question

Basic Math

image

A credit to a liability account 1 indicates an increase in the amount owed to creditors 2 indicates a decrease in the amount owed to creditors 3 is an error 4 must be accompanied by a debit to an asset account

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In September 2008, at the age of 35, Haile Gebrselassie, won the Berlin Marathon with a...

Medical Sciences
Q

Describe the major differences between a chimpanzee and the early hominins. This is easiest if you...

Medical Sciences
Q

3. What is the just-in-time (JIT) manufacturing? How to achieve it? How does it impact facilities...

Mechanical Engineering
Q

14 Type the correct answer in the box Spell all words correctly Which type of...

Biology
Q

Having two eyebrows is dominant (E) over having one large eyebrow (e). Also having sixfingers...

Biology
Q

Write the partial fraction decompositio x x 6 x 3 x 20x 3

Calculus
Q

50. Which of the following will not decrease retained earnings? Net Income Large...

Accounting
Q

true/false 1. If total assets are increased, there must be a corresponding increase in...

Accounting
Q

last month when holiday creations, incorporated, sold 37,000 units, total sales were $148,000, total variable...

Accounting
Q

Explain the impact of property taxation on your specific financial situation or by providing an...

Accounting
Q

As part of its stock-based compensation package, International Electronics granted 22 million stock appreciation rights...

Accounting
Q

A company has the following: Income Statement Information: Sales Revenue: $120,000 CoGs: $70,000 Gross Proft:...

Accounting