Which of the following accounts is increased by a credit ent

Which of the following accounts is increased by a credit entry?

a. Accounts Receivable

b. Salary Expense

c. Dividends

d. Sales Revenue

Solution

Answer;d. Sales Revenue

Sales Revenue always has a credit balance so any credit entry to sales revenue will increase it

Cash a/c           Dr xxx

       To Sales Revenue   xxx

Accounts Receivable a/c   Dr. xxx

       To Sales Revenue        xxxx

Which of the following accounts is increased by a credit entry? a. Accounts Receivable b. Salary Expense c. Dividends d. Sales RevenueSolutionAnswer;d. Sales Re

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site