Which of the Following Double Entries Will Result in Decreases

question 9

Multiple Choice

Which of the following double entries will result in decreases in assets?
Please select all that apply.

• A) Debit sales, Credit trade receivables (double entry to record sales returns made by customers).
• B) Debit allowance for receivables, credit allowance for receivables expense (double entry to record a reduction in the allowance for receivables).
• C) Debit annual depreciation charge, credit accumulated depreciation (double entry to record the annual charge for depreciation on non-current assets).
• D) Debit irrecoverable debts, credit trade receivables (double entry to record trade receivables that cannot or will not pay what is owed).