Which of the following accounts follows the rules of debit and credit in relation to increases and decreases in the opposite manner? A)Prepaid Insurance and Dividends B)Dividends and Interest Revenue C)Interest Payable and Common Stock D)Advertising Expense and Land

Question

Quizplus · Accepted Answer

Dividends and Interest Revenue follow opposite rules: Dividends increase with debits and decrease with credits, while Interest Revenue increases with credits and decreases with debits.

Which of the Following Accounts Follows the Rules of Debit