In which of the following types of accounts are decreases ...

[anjilletteb]

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

[Chelseyj.hasty]

Answer to Question 1

c

Answer to Question 2

Answer: D

[anjilletteb]

Excellent

[aliotak]

Thanks for the timely response, appreciate it