ACCT 203 Chapter Notes - Chapter 2: Costs In English Law, Promissory Note

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25 May 2018

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Chapter 2 Review

Asset....normal balance: debit......increase with: debit

legal expense

expense...normal balance: debit....increase with: debit

Prepaid insurance

Asset....normal balance: debit.....increase with: debit

land

Asset...normal balance: debit.....increase with: debit

accounts recieveable

Asset....normal balance: debit....increase with: debit

dividens

equity.....normal balance: debit....increase with: debit

license fee revenue

revenue....normal balance: credit.....increase with: credit

unearned revenue

liability.....normal balance: credit....increase with: credit

fees earned

revenue....normal balance: credit....increase with: credit

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