Which of the Following Accounts Should Be Debited in a Journal

question 68

Multiple Choice

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

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

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Definitions:

Dividend Increases

The raising of the dividend amount paid to shareholders by a company, typically indicative of the company’s growing profits or cash reserves.

Basis of Value

The underlying assumptions or standards used to determine the value of an asset or liability.

Dividends

Funds distributed by a company to its stockholders, typically from earnings.

Retained Earnings

The portion of net income not distributed to shareholders but retained by the company to reinvest in its core business or to pay off debt.