Author Question: In which of the following types of accounts are decreases recorded by credits? a. liabilities b. ... (Read 14 times)

anjilletteb · **on:** Jul 5, 2018

In which of the following types of accounts are decreases recorded by credits?
a. liabilities
b. owner's equity
c. assets
d. revenues

Question 2

In the service sector, to achieve timely reporting on the profitability of an engagement, a company will use ________.

A) budgeted rates for all direct costs
B) budgeted rates for indirect costs
C) actual costing
D) budgeted rates for some direct costs and indirect costs