question archive If a journal entry increase a liability account, the other part of the entry might? ? A
If a journal entry increase a liability account, the other part of the entry might? ? A
Subject:AccountingPrice: Bought3
If a journal entry increase a liability account, the other part of the entry might? ?
A. Decrease an asset account. B. Increase a revenue account C. Increase an expense account D. All of the above
2. The first step in accounting cycle is to? ? A. Prepare financial statements B. Post journal entries to ledger accounts C. Prepare trial balance D. None of the above
