Which of the Following Accounts Should Be Debited in a Journal

question 71

Multiple Choice

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

• A)Accounts Receivable,when it has been decreased.
• B)Dividends,when it has been increased.
• C)Wages Payable,when it has been increased.
• D)All of these choices.

Understand the concepts and practices related to the depreciation of assets.

Comprehend the treatment and accounting for disposal and exchange of plant assets.

Recognize the accounting principles for intangible assets including goodwill, patents, and research and development costs.

Distinguish between the different types of costs associated with acquiring tangible and intangible assets.

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Definitions:

Social Agency

An organization or entity that operates with the purpose of providing social services, support, or advocacy to individuals and communities in need.

Survival

The act of continuing to live or exist, often despite hardship or danger.

Shoestring Lobbyist

describes a lobbyist or advocacy effort operating with very limited financial resources, often relying on grassroots methods.

Public Policy

The principles, often unwritten, on which social laws are based, developed and implemented by government bodies to address public issues.