Which of the Following Double Entries Will Result in Increases

question 43

Multiple Choice

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

• A) Debit trade receivables, credit sales (double entry to record sales made on credit to customers).
• B) Debit bank account, credit interest receivable (double entry to record a receipt of bank interest).
• C) Debit bank account, credit capital account (double entry to record the receipt of cash from the owner of a business).
• D) Debit bank account, credit bank loan (double entry to record the receipt of a loan from the bank).

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