acct2013 at Mississippi State

1. Account Classification

in Chapter 2 (Problem 1 of 7)

What type of account is increased with a debit but is a decrease to retained earnings?

  1. Liability
  2. Asset
  3. Revenue
  4. Expense
Watch Solution (1:28) Hide Solution Reveal Solution

The Rest Of The Practice Problems

Click Here to View All Chapter 2 Problems at Once View
1 Account Classification
You are here. 		Easy
2 Journal Entry - Inventory Easy
3 Journal Entry - Sales Easy
4 T/F: Liabilities and Equity Easy
5 T/F: T-Account Logic Easy
6 Normal Balances Moderate
7 The Effect of Journal Entries Moderate
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Chapter 2 Videos

1 T-Accounts 3:15
2 Debits and Credits 6:49
3 Determining Normal Balances For Assets & Liabilities 10:04
4 Determining Normal Balance for Shareholder's Equity 11:53
5 Normal Balance Shortcut: Double Entry 11:51
6 Normal Balance Shortcut: DEAD Mnemonic 2:36
Chapter 3 →