enteries to expenses such as rent expense are usually

enteries to expenses such as rent expense are usually



1. enteries to expenses such as rent expense are usually
a)	Debit
b)	Credit

2. enteries to revenue accounts such as service revenues are usually
a)	Debit
b)	Credit


3.Discount allowed is
A)Expense of business
B)Income of business
C)Loss of business
D)Abnormal loss of business

4. the statement of income and expenses reports the company- income and expenses for the time period: it is also called a ……..-and-loss statement.
a)	Earning
b)	Gain
c)	Profit
d)	Win




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