When there is Debit, some accounts increase and some decrease. Which among the following accounts will increase with a debit? a. Service revenue O b. Furniture Accounts payable d. Capital

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter4: Journalizing And Posting Transactions
Section: Chapter Questions
Problem 4MC: When fees are earned and the customer promises to pay later, which account is debited? (a) Cash (b)...
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When there is Debit, some accounts increase and some decrease.
Which among the following accounts will increase with a debit?
Oa.
Service revenue
O b. Furniture
O c.
Accounts payable
O d. Capital
Transcribed Image Text:When there is Debit, some accounts increase and some decrease. Which among the following accounts will increase with a debit? Oa. Service revenue O b. Furniture O c. Accounts payable O d. Capital
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