Accountıng I Deneme Sınavı Sorusu #1313635
Which of the following is correct?
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Assets decrease on left side by debiting while increasing on right side by crediting and normally show debit balance. |
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Liabilities increase on right side by crediting while decrease on left side by debiting and normally show credit balance. |
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Contributions decrease on right side by crediting while increasing on left side by debiting and normally show credit balance. |
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Distributions decrease on left side by debiting while increasing on right side by crediting and normally show debit balance. |
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Revenues decrease on right side by crediting while increasing on left side by debiting and normally show credit balance. |
Dr./Cr. Rules for Assets: Assets increase on left side by debiting while decrease on right side by crediting and normally show debit balance.
Dr./Cr. Rules for Liabilities: Liabilities increase on right side by crediting while decrease on left side by debiting and normally show credit balance.
Dr./Cr. Rules for Contributions (Owner’s capital): Contributions increase on right side by crediting while decrease on left side by debiting and normally show credit balance.
Dr./Cr. Rules for Distributions (Owner’s withdrawals): Distributions increase on left side by debiting while decrease on right side by crediting and normally show debit balance.
Dr./Cr. Rules for Revenues: Revenues increase on right side by crediting while decrease on left side by debiting and normally show credit balance.
Dr./Cr. Rules for Expenses: Expenses increase on left side by debiting while decrease on right side by crediting and normally show debit balance.
The correct answer is B.
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