1 answer

1. Is Accounts Receivable an example of a Asset, Liability, Debit or Credit? 2. Are Dividends...

Question:

1. Is Accounts Receivable an example of a Asset, Liability, Debit or Credit? 2. Are Dividends an example of a Asset Account, Liability Account, Equity Account, or Debit Account? 3. Are Notes Payable an example of a Equity Account, Debit Account, Asset Account or Liability Account? 4. True or False: An increase in the Cash balance for a business is entered as a debit to the account. 5. True or False: An increase to the Revenue account of a business is entered as a debit to the account. 6. True or False: When a business makes a sale to a customer, both the balance of Revenue and Cash must increase.


Answers

1) Account receivable-Asset
2) Dividends-Debit account
3) Notes payable-Liability
4) TRUE
5) FALSE
6) TRUE
.

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