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Author Question: In a double entry system, which of the following accounts would be recorded in the left-hand column? ... (Read 49 times)

formula1

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on: Jun 25, 2018
In a double entry system, which of the following accounts would be recorded in the left-hand column?
 
 Generation of revenue
  Decreases in assets
  Increases in liabilities
  Incurred in expenses

Question 2

Inflammation of the gallbladder is known as
 
 cholelithiasis
  colitis
  cholecystitis
  cystitis


bubulittle310@msn.cn

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Reply #1 on: Jun 25, 2018
Answer to Question 1

Incurred in expenses

Rationale: In a double entry system, the following accounts would be recorded in the left-hand column: increases in assets, decreases in liabilities, incurred in expenses.

Answer to Question 2

cholecystitis

Rationale: Cholecyst- means gallbladder and -itis means inflammation.


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