[New post] [Answer] Which of the following is an asset account?a.Salaries expense b.Accounts payable c.Service expense d.Prepaid expense

answertrivia posted: " Answer: D. Prepaid Expense Which of the following is an asset account?a.Salaries expense b.Accounts payable c.Service expense d.Prepaid expense Bookkeeping for expenses. In double-entry bookkeeping expenses are recorded as a debit" Respond to this post by replying above this line New post on AnswerTrivia.com [Answer] Which of the following is an asset account?a.Salaries expense b.Accounts payable c.Service expense d.Prepaid expense by answertrivia Answer: D. Prepaid Expense Which of the following is an asset account?a.Salaries expense b.Accounts payable c.Service expense d.Prepaid expense Bookkeeping for expenses. In double-entry bookkeeping expenses are recorded as a debit to an expense account (an income statement account) and a credit to either an asset account or a liability account which are balance sheet accounts. An expense decreases assets or increases liabilities. Typical business expenses include salaries utilities depreciation of capital assets and interest ... Chart of accounts - Wikipedia Chart of accounts - Wikipedia Accounts receivable - Wikipedia Chart of accounts - Wikipedia A chart of accounts (COA) is a list of financial accounts set up usually by an accountant for an organization and available for use by the bookkeeper for recording transactions in the organization's general ledger.Accounts may be added to the chart of accounts as needed; they would not generally be removed especially if any transaction had been posted to the account or if there is a non ... Debits and credits occur simult... This free site is ad-supported. Learn more ​ answertrivia | 5th Apr 2021 at 2:15 pm | Categories: Uncategorized | URL: https://wp.me/pcLptW-Iob Comment    See all comments Unsubscribe to no longer receive posts from AnswerTrivia.com. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://answertrivia.wordpress.com/2021/04/05/answer-which-of-the-following-is-an-asset-accounta-salaries-expense-b-accounts-payable-c-service-expense-d-prepaid-expense-16/ Thanks for flying with WordPress.com