Accountıng I Deneme Sınavı Sorusu #1313653
Which of the following statements is wrong?
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Crediting refers to the act of making an entry on the right side of an account |
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Debit and credit effects vary due to the types of accounts |
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In a double-entry system, equal debits and credits are made in the accounts for each transaction |
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Assets, distributions, and expenses increase by crediting (on right side) and normally show credit balance |
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There are three main steps which occur repeatedly in the recording process: Analyzing, journalizing and posting |
Yanıt Açıklaması:
Assets, distributions, and expenses increase by debiting (on left side) and normally show debit balance.
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