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A debit has an unfavorable effect on an account

A debit has an unfavorable effect on an account



True or false:
1.	The classification issue involves the assignment of accounts to business transactions.

	

	2.	When a company receives an order, a transaction has occurred.

	3.	A credit to an asset account means that asset account has been increased.


	4.	A debit has an unfavorable effect on an account.


	5.	For a T account, an account balance is the difference in total dollars between total debit footings and total credit footings.




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30 May 2016

Answers (1)

  1. Genius

    A debit has an unfavorable effect on an account

    A debit has an unfavorable effect on an accountA debit h ****** ******
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