[New post] [Answer] Which of the following accounts decreases with a debit?a.Cash b.Land c.Accounts Receivable d.Notes Payable

answertrivia posted: " Answer: D. Notes Payable Which of the following accounts decreases with a debit?a.Cash b.Land c.Accounts Receivable d.Notes Payable Debits and credits occur simultaneously in every financial transaction in double-entry bookkeep" Respond to this post by replying above this line New post on AnswerTrivia.com [Answer] Which of the following accounts decreases with a debit?a.Cash b.Land c.Accounts Receivable d.Notes Payable by answertrivia Answer: D. Notes Payable Which of the following accounts decreases with a debit?a.Cash b.Land c.Accounts Receivable d.Notes Payable Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. In the accounting equation Assets = Liabilities + Equity so if an asset account increases (a debit (left)) then either another asset account must decrease (a credit (right)) or a liability or equity account must increase (a credit (right)).In the extended equation revenues increase equity ... Debits and credits - Wikipedia Debits and credits - Wikipedia Double-entry bookkeeping - Wikipedia Expense - Wikipedia Double-entry bookkeeping in (accounting) is a system of (book keeping) where every entry to an account requires a corresponding and opposite entry to a different account .The double-entry system has two equal and corresponding sides known as (debit and credit). The left-hand side is debit and the right-hand side is credit. In financial accounting a cash flow statement also known as statement of cash flows is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents and breaks the analysis down to operating investing and financing activities.Essenti... This free site is ad-supported. Learn more ​ answertrivia | 5th Apr 2021 at 2:16 pm | Categories: Uncategorized | URL: https://wp.me/pcLptW-Ior 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-accounts-decreases-with-a-debita-cash-b-land-c-accounts-receivable-d-notes-payable-16/ Thanks for flying with WordPress.com