A credit may represent a(n): increase in an asset account. increase in a liability account. decrease in the capital account. increase in an expense account.

T accounts are used to reflect increases and decreases in individual assets, liabilities, and equity accounts. Which of the following statements is true? For liability accounts: Increases are recorded on the left side (debit side) of liability T accounts. For Revenue accounts: Increases are recorded on the left side (debit side) of revenue T accounts For Asset accounts: Increases are recorded on the left side (debit side) of asset T accounts. For Asset accounts: Increases are recorded on the right side (credit side) of asset T accounts.

In the case of a bank's accrued interest ?revenues, which occurs first Earning The Interest Revenues Nothing Receiving The Interest From The Borrower

What is incorrect here? Available options are: Accounts Payable, Accounts Receivable, Accumulated Depreciation, Bond Premium, Bonds Payable, Building, Cash, Common Stock, Cost of Goods Sold, Delivery Expense, Depreciation Expense, Discount on Bonds Payable, Dividends Declared, Finance Costs, Goodwill, Intrest Expense, Intrest Income, Intrest Payable, Intrest Receivable, Land, Merchandise Inventory, Micellanious Expense, Other Expenses, Sales, Sales Discounts, Sales Returns and Allowances, Finance Costs, Goodwill