Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner? Select one: O A. Service Revenue and Equipment OB. Common Stock and Sales Revenue OC. Utilities Expense and Notes Payable 20 Dividends Payable and Rent Expense

Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner? Select one: O A. Service Revenue and Equipment OB. Common Stock and Sales Revenue OC. Utilities Expense and Notes Payable 20 Dividends Payable and Rent Expense

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 36MC: Which set of accounts has the same type of normal balance? A. Cash, accounts payable B. Prepaid...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner?
Select one:
O A. Service Revenue and Equipment
O B. Common Stock and Sales Revenue
OC. Utilities Expense and Notes Payable
D. Dividends Payable and Rent Expense

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