题目内容

A debit: ()

Always increases an account.
B. Is the left-hand side of a T-account.
C. Always decreases an account.
D. Is the right-hand side of a T-account.

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Which of the following statements is incorrect? ()

A. The normal balance of an expense account is a credit.
B. The normal balance of owner's withdrawals is a debit.
C. The normal balance of unearned revenues is a credit.
D. The normal balance of accounts receivable is a debit.

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The accounting assumption that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the ()

A. Time-period assumption.
Business entity assumption.
C. Going-concern assumption.
D. Revenue recognition principle.

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A service company, its revenues are 190, its expenses are 120. so the net income should be ()

A. 70
B. 310
C. 155
D. -70

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Which one of the expense is not be included in selling expenses ()

Advertising expense
B. office salaries expense
C. store supplies expense
D. rent expense—selling space

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A debit: ()

Always increases an account. B. Is the left-hand side of a T-account. C. Always decreases an account. D. Is the right-hand side of a T-account.

Which of the following statements is incorrect? ()

The accounting assumption that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the ()

A service company, its revenues are 190, its expenses are 120. so the net income should be ()

Which one of the expense is not be included in selling expenses ()

Always increases an account.
B. Is the left-hand side of a T-account.
C. Always decreases an account.
D. Is the right-hand side of a T-account.