when the company sold goods on account the A/P will be in the debit sideTrueFalse The prepaid expenses occur in the credit side in the trade A/CTrueFalse

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Accounting

when the company sold goods on account the A/P will be in the debit side O True O False

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section3.3: Transactions Affecting Owner’s Equity And Asset Accounts

Problem 1AYU

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when the company sold goods on account the A/P will be in the debit side
True
False

The prepaid expenses occur in the credit side in the trade A/C
True
False

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