ac210 at University of Alabama

1. Account Classification

in Chapter 3 (Problem 1 of 8)

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 3 Problems at Once View
1 Account Classification
You are here. 		Easy
2 Journal Entry - Inventory Easy
3 Journal Entry - Sales Easy
4 Land Purchased With Cash Easy
5 T/F: Liabilities and Equity Easy
6 Normal Balances Moderate
7 What Should Be Journaled Moderate
8 Calculating Operating Income Hard
← Chapter 2

Chapter 3 Videos

1 Determining Normal Balances For Assets & Liabilities 10:04
2 Determining Normal Balance for Shareholder's Equity 11:53
3 Normal Balance Shortcut: Double Entry 11:51
4 Normal Balance Shortcut: DEAD Mnemonic 2:36
5 The Journal, Ledger, Trial Balance 14:00
6 The Multistep Income Statement 12:44
7 Gross Profit vs Net Profit 6:15
8 Profit Margin 3:22
Chapter 4 →