Which pair of accounts follows the rules of debit and credit in the opposite manner?
A) Fixed Assets and Dividends
B) Advertising Expense and Equipment
C) Dividends and Medical Fees Earned
D) Rent Payable and Common Stock

Question

Quizplus · Accepted Answer

Dividends and Medical Fees Earned follow the opposite rules of debit and credit. Dividends are a reduction in equity and are debited, while Medical Fees Earned is an increase in revenue and is credited.

Which Pair of Accounts Follows the Rules of Debit and Credit