which-of-the-following-accounts-does-not-increase-with-a-debit-entry-a-retained-earnings-b-buildings

Question

Which of the following accounts does not increase with a debit entry?
A. Retained Earnings
B. Buildings
C. Prepaid Rent
D. Electricity Expense

Puneet Prajapati · Accepted Answer

Okay, so let&#x27;s start dissolution. Okay? First of all, I will I was state the five type of about us you do have throughout the abounding as a subject. Okay, so what? I&#x27;d be a sex? These are delicate drivel abounds. That&#x27;s cash. Listen, Wendy. What? Okay, the US Let&#x27;s suppose you are in the business of selling video games to customers. Are you went into business off? Oh, selling for rejecting your best of us. So let&#x27;s suppose your customer says that I will pay you after a certain period of time. Let&#x27;s do this so that mournful become recoverable awards. The comfortable means you have to recover that amount from your customer. So that will be considered as a sex Yes, like cash balance, maintaining that your business entity like which is deposited into banks. Also, the cashier bank. Also, bank accounts also will be considered as your cash in my country for which from which you produced finished words or weakens a saleable balls the job, you know. Oh, fit for selling to the customers. Apart from a six, we have live release. Okay, Able votes. Let us suppose our business is a customer for some moments and we have to be off them. Is this, uh, as a vendor? Or we can say we have purchasing goods from others of lions, but we have not paid yet. So that will become our liability. Because in that case, we have to pay off our suppliers for the benefits. The F away love. Okay, shark them short, long term debt. Okay, this is the first. This is the second. That&#x27;s 1/3 ago. Third type of the problems. We have capital, the finance Aries. But in case our finances what paper instruments? We do have to read defendants equity. You can write it down so that you can revise every later point in time whenever you get time to do it. Okay. Okay. Let&#x27;s move. Oh, here. Okay, So next is expenses, expenses. I think everyone will be familiar with expenses like telephone Any full expenses, any other, any of the expense liked only four business purpose nor 40% bump. It&#x27;s okay. And the last and the foremost. This could have been you since No. Okay, Kevin uses, but their income, like that Soviet five diaper comes and we have also, you know, stated some of the terms which would be classified as respective domes. Okay, for by their I will I&#x27;m giving you a diamond. Does diamond rules of accounting which would be applicable to our be accounting as a subject like they never They will be a financial trouble chip which involves exchange of goods and services against the money. So diamond rules off a car bingle be applicable to report such financial transaction in the books of occurrence of the company. Okay, so far, it&#x27;s truly is. Please write it down these rooms for a better revision off. You know, regarding the the logic behind regarding off journal entry. Okay, Ingres, in a sex expenses equals crude effort. Some of yours, some of your stories again, can reasonably Reese portion their baby are making a debit. Why not credit? Okay, you may have certain knows, but I&#x27;m clarifying these doubt that these are the traditional methods off doing or rewarding general entry. Okay, However, everyone raises this question but will be, you know, indirectly forced to follow these methods because these other tradition matters selective. It&#x27;s like just a science for mother. There is no ordinary definition do gravity that by the gravity holds okay. However, the litter cases may never be real face and a man&#x27;s problems we will make. We will make this very, very interesting through better examples. Real life examples so that it will not to come. You know, rigorous or boarding with a complex method to remember and just reproducing it on the paper. Okay. Have you tried to make it more interesting? Increasing captain Revenue equals to predict equals credit means whenever there will be increasing capital revenue. Library, please. Then we will predict the amount. So their respective account Okay, The reason capital there were new liabilities will be dabbling with at the moment. Okay, so these other diamond rules for five type of five type of vehicles whenever there will be increase or decrease in D ammo&#x27;s. Okay, So let&#x27;s move to our main solution regarding that. Okay, So which of the following account does not please with the deputy entry? Okay, so in case off, except he&#x27;s the except the three choices in case over daily earnings, it would be imprudent, actually. What happens? What is the part of returning? I tell you very, very, very, very briefly. Let&#x27;s suppose you have a profit off $10,000 during the car in gear. Okay? No. What happens? Retailing is include Oh, a different type of reserves. Different type of profit type of, you know, special reserves as possible revelatory. That included a varmints also. But the profit are large and you&#x27;re doing that year will be adjusted. Curator retained on things about and reduced earnings. The girls is especially included in the capital capital. Reflect that to the true position off financing capital in the company. So you&#x27;re doing dumb. Things will be included in capital. So from other diamond rules of accounting, you can see whenever there will be increasing capital. They will be a transforming credit. Not the epic I think you get You got this ready, right? Okay. Increasing capital will be a crowded slaughter. So the correct choice for the problem 30 is a by that. So because the portion asks that which of the falling against will not be increased by David. Okay, So accept the three. There will be only the journaling such people which will be in foreign capital. And they will not be any increase by, huh? There will be They will not be any increase in the beginning. The lynx spider. Never. They will be introduction and they&#x27;re doing that news. Okay, so I got a choice for for problem. For D is a Please make sure that you have noted down these the first sheet, like five type of coats in your in your notebook. Okay? Order. But that you have noted Diamond does of accounting to make sure that whenever you will face any time of the little dinner on things, you will get your solution at first hand with this with these rules. Okay. Forward by that. As a matter of elements, the Afghan I&#x27;ve never certain finesse but a choice as a Okay, So that&#x27;s all for dissolution. Thank you.

Puneet Prajapati · Answer

so v are going to win this time the you both have done. Okay, so there are actually three types of oppose. 1st 1 is 1st 1 is really about Okay, But you&#x27;re going to understand. And the other two are nominal account in person. Okay. So you can write up, write it down, but I&#x27;m going to write. Or that we will understand it through simple example. There my movie opened. Really? Coming on. I really need. It is the type of a fountain that is never post okay in a and it is also carry forward strong. Couldn&#x27;t financial yet. Okay, gun fund engine. Who next? Financial. So we have You&#x27;re done. Actual definition off. Real account. Okay. Now we will highlight the main characteristics off the telecom set so that you will be able to identified that which is the real account and venture. So, first of all the characteristics, it is never closed to another. So you can infer the never closed rhetoric out like it is never transferred to another. Okay, Because at the end of financial year, what do you do in real world? The actor view John&#x27;s foot If you transfer the balance off, we transfer the balance off. But I&#x27;m Thalia cows too. So in a difficult, we will learn they don&#x27;t. So Okay, when we will face such problems, however you can take it like that that it is never goes to another account for statistics the second punish, it is also carried forward from current financial year. Next. Okay, so this is the most important characteristics, which have I like it with the Lupin. However, we will take example now. So what? That what? The elegance actually fixed the set. I think this exile those machineries mostly Mitch v with the business entity purchase to produce saleable goods, store the customers okay. And in when Drea or in general, we Kinsey sex liabilities. Because sex will include all time of us stand herbal, intangible fixed, non fixed, current, non current. Okay. And same case with the liabilities. Also. So 40 what? I have returning. Example. The phone booth. Four dates of goals. Okay. Will be always be really Okay. So and I said let&#x27;s suppose we have or we can say ABC Company has the eight Yvonne&#x27;s insurance. Okay. Know what happens? Such advance women of insurance four. Next. Yet in good, indeed. Oh, Byler Big goes so $500. It&#x27;s for insurance for next financial year. Next financial. So this $500 it&#x27;s for next minute. However, it has been paired in during financial, So $500 will be considered as in is there And we can also take it like that that a basic of practices who be insurance experts expenses in advance. So in that case, every year the payment of $500 will be paid. Okay. In that case, $500 will be considered as an insect for every financial year because they basically practices the same. Okay, if $500 will be considered as an aside for every financially because off being it in advance, then it will never be closed. Or we can say it will be gay for from one currant bun financially too. Next manage, because we haven&#x27;t been an example. Also a suicide. But another type of or we can say for a sex be open the real account. Okay, so for the current caution, our solution matches Joyce E Okay. However, you can write down cheap one. She want to your notebook for future reference. So but the choice they will be correct. OK,

Puneet Prajapati · Answer

So let&#x27;s start our solution. Okay, But before that, I mean make you clear some type of accounts that will be the living for the current solution. Okay, So most prominently, we have five days of a ghost. However, we are explaining only type of accounts. 11 for the current solution. It&#x27;s It&#x27;s ivy covered with the most. That&#x27;s a supposed VF, the F sword, laptops or computers who are one of our customers. But the customer sees that the amount will be paid off after a certain period of time. Let&#x27;s attack two days so their command will become recoverable from those customers so that that would be considered as a sites then. Okay, then again, cash bank balance If the intensity tentatively Lizzy, the cash, the cash payment or online payment from the customers so that cash balance and bank balance will be will also be considered. As I said. Okay, good. It&#x27;s a place. Okay, So expense. Everyone will be familiar with the expenses. So let&#x27;s suppose we have electricity expenses for the electricity consumed during the period. Electricity expenses, also in addition to cash in bank, be having mentally also, what is that 20 or we consist supplies. What is more isn&#x27;t mentally. Let&#x27;s suppose we are into process source selling packaged food. Okay. Vieira Vieira. Very many big manufacturing company producing packaged food for our customers. Forever biggest, biggest market off customers. Okay, You know what happens when we when we processed the material, we have to purchase raw material from our suppliers. So this is the raw material, the tree purchase from our suppliers. Okay. Now, in case of expenses, we have electricity expenses, any for expenses, but make sure expenses business purposes only not off personal purpose like it should not be. It should not be the case that the business that the businessman is considering the expense off any any party arranging in his house. What? Manage any marriage ceremonies in the in the profit and loss statement of the business that actual Lord of the case. In any case, okay, however, these are the types of accounts will be considering for the current solution. Okay, but the third type of count visit Avenue forthis liabilities do it. And fifties capital. I never knew Everyone knows sales. Like whenever we generate any amount from selling our could just opposite to our customers they&#x27;re keeping bonus. But even you ordered by that liabilities, Total liabilities. Let&#x27;s Libya amount people. Whoever suppliers like we have not appeared the amount for which we f but chase some goods. Okay, so that will become celebrities. Capital are mostly a judicial capital four pref initiate capital. However, these terms people understand in later point in time. But never we will face problems like it. But capital you can say the financing part of the business, the financing where we will record every transaction related to fundraising for the company. Okay, so no, we will also understand diamond brutes of a condom because without that, even Lord be able to be right. This solution However, the solution is straightforward for everyone who lost the diamond dolls or something. So that&#x27;s why I&#x27;m obliged to introduce. I would be grateful to introduce Diamond Ring for you. So what? I didn&#x27;t know he&#x27;s a guard this for a shoot also as well at second Cheetos. So let&#x27;s up. We ve vill receive extra cash or we will receive payments from other from the up from our customers after a certain period of time for against against the selling off the Georgian services to them. Okay, so they will be increasing a sect, Okay? And then the villain got any expenses? Allergic opens businesses, so they will be adapted to those expenses. Okay. It will be very certain that by the way, it is expenses. Order sets are being difficult with any type of increase against these other traditionally girls. You do not need to care about that by by this logic behind, because because it is a traditional. So there is no signs that by the by that happens okay, it has similarly increasing revenue capital liabilities. It was two credit. Okay, The reason to have a new capital liabilities he was from So these other prompting rules we need to be always have to remember who can before proceeding with any type of portion in the counting subject. Know what the potion asked for most? That which of the following here which of the falling even pairs of years of a house will be impacted, seem okay with the devil. Didn&#x27;t read it like it is asking that bitch of the falling tears like the leg to either X said our expenses because in case of a certain expenses if they will be increasing a sitting expenses than they were corresponding damage for decrees in a second expenses, they will be callous formed entirely. Likewise, in case off every new capital liabilities Also. Okay, so we have to recognise what bitch? Beer is qualified to be a choice. Okay, No, In case off choice B, I&#x27;ll make you more clear. That&#x27;s why I chose to the choice be okay. Joy&#x27;s B C&#x27;s supplies what we can say invent tree. And you know what is the meaning of it? Frankly, very well, which we have just discussed, which is raw material. It is just a raw material that&#x27;s all invent treason or or material changed from the supplier. However, I&#x27;m writing the full statement so that Julie, you will get to remember these things. Whatever you will revise. Okay, I&#x27;m going to detail by there. So because otherwise, what will happen, you will get the solution. But Northey paces North Theological mattered or detailed analysis that how that&#x27;s how we got to the situation. Okay, now. And what is this? The next time element? It&#x27;s basically expense. So, as as I said, the invent trees will be considered as a sex by there. So because we have because we will assess these inventory to make operates a label to the customers. Okay. And as far as physically expenses are concerned Okay, So the consumption. So the consumption off, Father. Okay. Okay. Sorry for the interruption. Let&#x27;s is your condemn shut off power. Okay. No, these are the sex. These are the expenses. Okay. Now, in the second she VFC index for a sect and expenses, but sex and expenses, they will be different treatment, or they will be same treatment for increase in a certain expenses. And the reason is you&#x27;re using as your expenses. Okay? So no. The correct choice. So we can drive our solution. Like so both of these accounts will be impacted with the same magnitude in the same direction, Not in the same magnitude. Magnet jewelry for soda amount. So let&#x27;s do not make it complex. So the same. The both of these accounts will be affected. Our will be impacted in the same direction, like increasing degrees. The doctor is forming debit and credit. Okay, Panic choice for problem. Tito, this be okay. Please make sure that you have noted down this sheet you have noted down this sheet. That&#x27;s part of your revision. Okay, along with back, please. Like like this Down you get a clear interpretation off the solution off the main solution, which you did. I Okay. Thank you.

Puneet Prajapati · Answer

So we are going to win this time. The type of ACOs okay and voter there before balances. Okay. It&#x27;s got like, Okay, so first of all we have we have actually five paper because India continued a subject. Okay, s eggs expenses. So I&#x27;m writing down this similar type off. You can say that comes which have similar balances together. Okay, liabilities, Captain. And live in new. Okay, so we understand that. What is the meaning of a set? Expenses Avenue Capital Liabilities. Okay. In gender loans, I said, is normal, which is recoverable from the customer. Okay. Expenses. The moment between card who were in the business. OK, like raw material, reprinting cartage like that. Like that. Okay, every news that which we used to refer, like, say, love virgin services for the customers. So it gives rise to the heavens capitalist investment amount, which is done by the older into the business. And liability is in contrast to sex, Like from liking it in case of a sex, we have to recover the amount from the customer in case of libraries, the business entity has to pay off their supplies. Okay, Now, let&#x27;s come to the type of balances a week into the balance. Okay. Sort of. Before violence, I&#x27;m going to write some of you may as that by assets and expenses have debit balances. Okay, tragic balance. Okay, so first of all, let&#x27;s understand that just a fall big, just a north of there that a certain expenses will have always 99.99%. Is this a debit balance? Libraries. Capital revenue will have 30 minutes. Okay. Some of Humira. Is that why you&#x27;re certain expenses? Will have never been sent by British capital. Renewable at record. So it does not need to be completed by that. So because it is, it is a science. It is a signs that accounting practitioners have that this so far. Okay, so you do not need to pose in 11 logics that why? Why do we have never talents and by credit balance for different types of accounts? Okay, it is just a matter of logic. Like in science, there is a concept of gravity. You cannot ignore it. Okay. To solve many problems in daily lives. That is why we have every pellet, 600 minutes. Make that. Okay. Now let&#x27;s come to the closing. Okay, so whatever comes, okay, What Mayweather comes will have never balances will be close to their respective vehicles or because of their respective destination accounts by giving, uh, plenty, but credit to them. Let&#x27;s suppose the import years and is it OK? So every assert will ever debit balance. Okay, Soto, close that account. The will transfer bank balance to in the article by giving up credit to a surgical. Okay, so Or alternatively, we can say that who close any account which app which is having independence. We will just hurt the credit. Okay. Berezin gets a parent billions, they will give up. Never put there just a project, that&#x27;s all. Okay, so no, what we have. So what have we done here for every expenses? If you&#x27;re having an average balance, so close that account, we will give a credit to that. Okay. So, for our current case for any type of expense lets insurance expense, insurance expense, grand thinking salary, any type of expense, Okay, Any night of expense, they will. They will be having never balance sort of closed down all of these accounts. We really just give or even crediting those accounts and give up their to income. Somebody had come for closure off Respect respective Occurs. OK, so for the current case, our choice has been identified. The correct choice has Bean. I didn&#x27;t defies there as choice be that visited expense Because then expensive will be crater. Who who give up closer to rank expense? I didn&#x27;t come. Somebody will be deputy. Okay, that&#x27;s all for other solution, So I speak the correct answer.

Puneet Prajapati · Answer

So let&#x27;s start. The solution was to Paul. We will. It really defined 55 type of comes to our be accounting subject forward by that diamond rules of accounting that will be applicable on recording on off the financial transaction. People separate arms become okay. So first is a sex. What about a six? They&#x27;re nothing but the amount been comfortable from the customers. Often we have soared in Madrid to them. Okay, Yes. Bank balance. Then did he has? Okay. Like, let&#x27;s suppose we are. We are in the business off selling selling printers, our computers to our customers. So obviously, if if we make cash sales to them so they will be a cash and bank balance. We are maintaining our cover identity level. Okay, so the cash in bank will be considered in assets. Okay, Like twice. And memory inventory is like you have to suppose you have before you selling. Before you sell the printer to the customer, you purchase different parts of the printer from your suppliers. So become certain victory that it is a raw material, which is we just possessed by you&#x27;re jumping to make it a complete rendered. Okay, we just sold to the customers, then come to liabilities. Okay, what are celebrities Level cities are in court. Press two. It&#x27;s it&#x27;s that just opposed in V I in the business off selling print us and we have a chase, um, different parts offering there from our supply. But we have no big them. So that part that the moment will become able like we have to be that a vote in later point in tight. Okay, Also a demon. Suppose you take loan from the bank to purchase house and different times of properties. Arvydas any type of property that you want to purchase. So there are short and long term loans which will be classified enders which will be classified in there. Liabilities after that. The F estates after that. VF Capital capital Let&#x27;s suppose we are willing to start the business. But we are short off wonders of No. So we will go to our Lady of frames, different types up investors Who is the farts? Okay, so there are different medium to which we can raise difference. However, there are very, very dominant. We can say very, very popular matter of raising the points beach which are called the shares, but evidence Cheers. I would request all of you to write down what I&#x27;m writing now. Vital because it will become very, very easy to devise everything before the exam and the first time, so that it will be very, very clear. Clearer. Do you? Okay. No expense. Everyone will be bitter millipede expenses. So every expense for business purposes. Okay, for business purposes only. Let&#x27;s suppose that if the businessman is conceding the expense off marriage or butt off any type of party arrangement in its business to reduce the profit down, that will not be the case. So that filthy considered Isa Tex award is matter so that they could not be possible. The fifth type of a God we have like your expenses. This is similar, But in contrast to expenses like sales, are there any gum like that? Okay, so he has five type of boats. Okay, For these five type of homes, we have diamond rules of accounting. He&#x27;s noted now with this also because throughout the rounding, diamond rules of accounting are most popular. And these have bean, you know, just in rendered, I guess. I guess 5 to 6 years back before that. Heroes, they were only old Andrews. Okay. Ah, forget about that. People come down main solution. Because before they&#x27;re having deception, we also need to know that what is the basis off the solution? We have the right. Okay, so, Ingres, in estates expenses, I will always be never Okay. What is the meaning of this? They will understand it. The reason Assad&#x27;s expansions in question. It is simply that Let&#x27;s suppose we have increase. Novelist serves in dumbs off gash in terms off. And Henry, like the items we have noted down in the fourth Shit. Okay, so we will make a corresponding dab it off the amount in the books of accounts of the company. Okay, degrees in liabilities. Capital revenue equals two. Okay, so these are pickle diamond rules of accounting that will be applicable and five types of accounts. Whenever bill will be a financial transaction, we will use these diamond rules who regarded journal and green the books up on something followed by that. What is the requirement of the caution? The government of portion which type off this time which is the which pair out of these, given four years of here goes, will be increased or then be in greased with 13 entries. Okay, so we can identify from here. Only increasing lively&#x27;s capital and revenue account will be. You&#x27;ll be given up. That is foreign credit. Okay. Means it means that if there be, there will be any Ingres in Liberty&#x27;s. That&#x27;s supposed we have $500 off vibrated as off like the Emperor. Jeez. $500 or more dealing from our supplier. We have not painted $500 yet. No, we have also purchased some other material for Mother&#x27;s applied for $500. No, we have agreed celebrities off $500 so there will be a corresponding credit off next. $500 in the books. Avocados have become okay. No, out of the foreign beers. The correct choice is the whitey. Let&#x27;s And Mr there are $2 in the and a beer. Okay? There are two terms in the pier on every. Tell you that how they will become the items out off these three items Get qualified, become solution for our current problem. Okay, So what is the meaning of other in service to you? Okay. It is the service revenue you see, which which has been received in other words, like it is the amount which has been received in advance by the service providing entered e. However, there the service circuiting providing entity has not performed these surfaces for the entity from wound. The payment has been received. Okay? Received in a device but not performed. Please, like don&#x27;t well get clear interpretation. Okay, make it more re visible. A change. 100. No word on accounts people so deceived dinner once received in advance but has not performed services that disciples we are. We have received a loan for delivering food, food and beverages to someone who Some testimony interdistrict media. We have received a mound to our land bases like in case off two days at us off our land food delivery. So now the ever liability against that among to deliver the food to that customer. Okay, so that is the one armed service revenue. It will become earned service revenue after delivering the foods and service is do with that estimate. Sorry. A groundskeeper. These are the Ramones which have not been paid yet. Like we can classify it down like this purchased from supplies, but she&#x27;s from supply It, but not bid. Likely apologised in my angry from oversupplying. But we have not paid yet. So this will become our liability. Because we have not delivered the food and beverages to our customers. This will again become our celebrity. Okay, So what is the correct choice for proper for the given problem is be okay. That&#x27;s all for the solution. And I would again like to request to all of you the police right now Write it down. These five type of powers on associated Diamond rules of accounting to get a better clarity as the less better division at the time. Off exams. That&#x27;s all for your current solution. Thank you.

Puneet Prajapati · Answer

Okay, so let&#x27;s understand the solution. Okay, But to begin with, the 1st 1st start And how many times of Combs you do have another thing coming? Most of all, sex, Captain. Liabilities, expenses, even you. Okay, so you can write it down. It will be very important for you, you know, summarize the rules, which I&#x27;m going to write order by that. So it&#x27;s inside, but it covered in the remote. Like, let&#x27;s suppose you are and do business off setting video games are sending any type of just offices to your customer. So let&#x27;s suppose your customer say&#x27;s that I will pay you off after Peter Activities. Okay, so that tomorrow will become recoverable after Peter after a certain period of opportunities. Okay. No, such a month will be considered as a sex. Such amount will be known as a sex. Okay, uncomfortable emotions, Gash. Banged like these lets me go extinction. Okay, So capital is a goody, or is it pretty? What does preference difference share capital as as for here. See, for capital you can I do for you appreciate capital. Okay, So the capital refers to the amount which is raised internally within the overall vision or externally, out of the organization who financed the business. Okay, so fancy pool activities are becoming That&#x27;s supposed we have. We are willing to start our new business, but supposed But suppose we have We are sort of exercise off now. So what you will do? We will raise funds from outside of the company, like from the investors were willing to invest in the new companies. Okay, so that will be considered as capital. However, you can also understand from this that of capitalism liability because it&#x27;s a supportive you are. You have investors, and they are investing in your phone. It is very very office that they are, like, literally could it there, Mr. After a certain period of time. Like, let&#x27;s suppose, after 20 to 30 years. Okay. Okay. But as of now, understand this. This is a capital. It could be preferential capital. Okay, level. These are Babel, the most short term neck sharp. Someone long necked. Even the moms are These are the moments with Jack people. After a certain period of time, like suppose you have a Ford manufacturing company. Okay, So, due process, they say level correct. Okay. You have to purchase the raw material from somewhere reds. So if you have purchased the normative some from some billions, then you have to pay to demonstrate your suppliers also. Okay, So infinity. So whenever the alone becomes people after you have a veil, the benefits off the supplies that among will be considered as liberties. Short term. Didn&#x27;t love him there, as you are. Very very. You will be very, very familiar with this legs. Next. I suppose you have. You take loan from banks to purchase the house, but she&#x27;s different times. Or purchase different each other vehicles, ours electric tricycle deeds, type off short and long term bet will be classified under. Okay. What? Our expenses. Okay. Expenses, everyone, there is no Okay, So these are the moans in guard bar business only business expenses will be considered as expenses. Not, of course, the expenses. Okay. It lets you supposed businessman is also because you didn&#x27;t expense off marriage off his own in the business. And, Lord, we consider it will never be the case. Okay. Expenses that ever knew makes is emergency services. So these are five type of colors we will have throughout the accounting. You are the only thing when I see accounting, it means throughout the accounting, because the different countries Okay, let&#x27;s the basic accounting rules first apart, you can also write it down. These are actually diamond ruins of accounting. However, only a part off it. I&#x27;m going to write it here now for I mean solution. Okay. Diamond in Suffolk County? No, in Greece in. Okay, I will write the full of all the news. OK, first rule is this in grazing a set and expenses, we&#x27;ll always be Devon water. Never. How are they? Never did importance. They are diverted. They will explain later. Mingle face much detail problem about this. Okay. The grease in a sect expenses are all this credit. These are their diamond rules of accounting. However, if you try to find the science behind this, there will be no una pause. There will be no possible or logical reason behind this. That by these are crediting the street of being diverted. They will be most girls on which you can call raise portions of our back. Okay. These are Dr Regional Foods and the after all of this Elevens. Okay, Ingres in. I have a new capital Okay, I have a new capital. Hey, Liabilities are always the credit. Are always credit. It has the reason you have a new capital. Liabilities are always never please I D&#x27;s Diamond, whose these will be very, very important for you some guy&#x27;s dick time or before your exams. Okay, so forward by that we ever understand that the evidence this the next time to our basic solution. But it stays. Which of the falling accounts will be increased after I&#x27;ve never Okay, so we have seen only a set and expenses if there isn&#x27;t increasing and second expenses, David, we&#x27;re never so, First of all, we have to identify that our doctor four items even in the ocean, which is the asset so accepted, except the three choices you have. We have only supplies. As I said, supplies that you can also wrote it down this re force, the invent three, which we have what changed from over Suppliers don&#x27;t go to use saleable, and Ben isn&#x27;t seal even protect. It means the product in which we are mainly dealing okay? No. So the correct choice. So this should be considered as a set by there. So because via the, uh, We have these supplies as part of our Henry. So by possessing this, leaving police ever finished schools that will be sold to other customers. Okay. You know, it&#x27;s all taken alternative name in Wendy as an alternative to name supplies. So the correct choice four of 29 is see? Okay, so these type of these are defined type of accounts, but you have to remember, And although you will get a handle on it when you will you look at this detail problem. These other diamond was like, You have to You have to remember this. Okay? And you have to revise before your exams doing the exam. If you get through this order by that, we have a deal. I have a solution for a problem. 29 which is See, Thank you.

Problem

Which of the following pairs increase with credit…

Problem 30 Hard Difficulty

Which of the following accounts does not increase with a debit entry?
A. Retained Earnings
B. Buildings
C. Prepaid Rent
D. Electricity Expense

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Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting