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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Definitions:

Good Genes

A hypothesis suggesting that certain traits, which are perceived as attractive, are signals of good health and genetic fitness.

Proximity

The physical or psychological closeness between people, which can influence their likelihood to form relationships or bond.

Attracted

Feeling drawn or having a deep interest or affection towards someone or something.

Interaction

A process by which two or more entities influence each other’s actions, often leading to a particular outcome or relationship.