Which pair of accounts has the same set of rules for debit and credit entries?
A)common stock and accounts payable
B)salary expense and retained earnings
C)cash and notes payable
D)sales revenue and accounts receivable

Question

Quizplus · Accepted Answer

Both common stock and accounts payable are liability/equity accounts, which means they both increase with credits and decrease with debits.

Which Pair of Accounts Has the Same Set of Rules