Which pair of the listed accounts follows the rules of debits and credits in relation to increases and decreases in the opposite manner?
A)Salaries and Wages Expense and Notes Payable
B)Common Stock and Unearned Rent Revenue
C)Prepaid Rent and Advertising Expense
D)Service Revenue and Notes Payable

Question

Quizplus · Accepted Answer

Salaries and Wages Expense is an expense account, which increases with a debit, while Notes Payable is a liability account, which increases with a credit. This means they follow the rules of debits and credits in opposite manners.

Which Pair of the Listed Accounts Follows the Rules of Debits