Identify Whether a Debit or Credit Would Be Correct for Each

question 116

Short Answer

Identify whether a debit or credit would be correct for each of the following account changes.Use a Dr.(debit)or Cr.(credit)in the space provided.
________ 1.Increase Delivery Van
________ 2.Increase Accounts Receivable
________ 3.Increase Accounts Payable
________ 4.Increase Salaries Expense
________ 5.Increase Service Fees Earned
________ 6.Decrease Cash
________ 7.Increase S.McCrae,Capital
________ 8.Increase S.McCrae,Withdrawals
________ 9.Increase Rent Expense
________ 10.Increase Equipment

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Definitions:

Delivery Cycle Time

The total time taken from receiving a customer order to the delivery of the product, measuring the efficiency of order fulfillment.

Fill Orders

The process by which companies prepare and deliver products or services as requested by customers in purchase orders.

External Failure Cost

Costs incurred when products fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.

Quality Cost Report

A document or set of data analyzing the costs associated with ensuring the quality of products or services, including prevention, appraisal, and failure costs.