Which of the Following Accounts Increases with a Debit

question 103

Multiple Choice

Which of the following accounts increases with a debit?

• A) Prepaid Rent
• B) Interest Payable
• C) Accounts Payable
• D) Common Stock

---

Definitions:

Subtotaling Costs

The process of calculating intermediate total costs at various stages or for specific categories within a larger project or budget analysis.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement, often as a part of financial audits.

Schedule Variance

A measure in project management that compares the actual work performed against the work scheduled.

ETC

Stands for "Estimated Time of Completion," referring to the forecasted date and time when a project or task is expected to be finished.