Totals on the debit and credit sides to determine the balance of an account are known as
A) rulings.
B) credits.
C) debits.
D) footings.
Correct Answer:
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Q49: Increases are entered on the credit side
Q50: The difference between the total debits and
Q51: A credit
A) increases assets.
B) is on the
Q52: A cash payment on a loan affects
Q53: A debit
A) is on the left side.
B)
Q55: An example of an expense is
A) prepaid
Q56: An investment of cash in a business
Q57: Revenues
A) decrease liabilities.
B) decrease cash.
C) increase expenses.
D)
Q58: Asset and expense accounts normally have
A) credit
Q59: A debit represents an increase in
A) an
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