Which of the Following Accounts Is Increased with a Credit

question 75

Multiple Choice

Which of the following accounts is increased with a credit?

• A)Supplies Expense
• B)Supplies
• C)Sales Revenue
• D)Dividends

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Definitions:

Note Payable

A written agreement whereby the borrower agrees to pay a certain sum of money to the lender at a future date.

Land Costing

The total expense incurred to acquire land, including purchase price, closing costs, and any other costs to prepare the land for use.

Delivery Van

A type of vehicle designed for transporting goods, often used by companies for the delivery of products to customers.

Note Payable

A written promissory note where the borrower agrees to pay back the lender a specified amount of money at a future date or on demand.