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aof.sorular.net Accountıng I Accountıng I Deneme Sınavı Accountıng I Deneme Sınavı Sorusu #1313623

Accountıng I Deneme Sınavı Sorusu #1313623

Traditionally, the two effects of an accounting entry are known as . Accounting system is based on the principal that for every Debit entry, there will always be an equal Credit entry. This is known as the Duality Principal. According to the Double Entry system, which of the following is true?


  • Increase in assets
  • Increase in expense
  • Increase in liability
  • Decrease in equity
  • Decrease in income
  • Increase in assets
  • Increase in expense
  • Decrease in liability
  • Increase in equity
  • Decrease in income
  • Increase in assets
  • Increase in expense
  • Decrease in liability
  • Decrease in equity
  • Increase in income
  • Increase in assets
  • Increase in expense
  • Decrease in liability
  • Decrease in equity
  • Decrease in income
  • Decrease in assets
  • Increase in expense
  • Decrease in liability
  • Decrease in equity
  • Decrease in income

Yanıt Açıklaması:

For each transaction, one or more accounts must be debited, or entered on the left side of the account, and one or more accounts must be credited, or entered on the right side of the account, and the total monetary amount of the debits must equal the total dollar amount of the credits. The equality of debits and credits provides the basis for the double-entry system of recording transactions.

PAYLAŞ:

SORUNUN CEVABI: D

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