Which of the Following Accounts Should Be Credited in a Journal

question 30

Multiple Choice

Which of the following accounts should be credited in a journal entry?

• A) Dividends,when it has been decreased
• B) Accounts Receivable,when it has been increased
• C) Wages Expense,when it has been increased
• D) Wages Payable,when it has been decreased

Understand specific strategies employed by organizations and individuals to adapt to or facilitate change.

Recognize the reasons why individuals and groups may resist change and strategies to address these challenges.

Identify and understand different glacial features and their formations.

Comprehend the processes of glacier movement and the impact on landscapes.

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used to assess the financial health of a business.

Double-Declining-Balance Method

An accelerated method of depreciation that doubles the normal depreciation rate.

Journal Entry

A record of a transaction in the accounting journal that may affect one or more accounts.

Residual Value

The projected worth of an asset at the time of sale, after it has served its purpose.