Which of the following is false? Dividend decreases shareholders' equity, so it is a credit...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is false? Dividend decreases shareholders' equity, so it is a credit balance account Cash increases assets, so it is a debit balance account Accounts Payable increases liability, so it is a credit balance account Revenue increases shareholders' equity, so it is a credit balance account
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
