anonymous
  • anonymous
Which one of the following is incorrect? (Points : 3) Increase to the sales account is recorded as credit. Decreases to the sales account are recorded as debits. The Normal Balance of the sales account is a credit. A sale is an Expenses account.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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NotTim
  • NotTim
Wrong group (not that you'd have improved chances elsewhere). But first, this is multiple choice. What do you think is the best answer?
NotTim
  • NotTim
wait..is it wrong groups?
anonymous
  • anonymous
I don't believe so... this is accounting/math

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More answers

NotTim
  • NotTim
oookkk.
NotTim
  • NotTim
well. what do you think it is? Whatever im thinking is just an opinion, not a accountable fact.
NotTim
  • NotTim
helloo?
NotTim
  • NotTim
Well, since you're not here, here's my final remark: It's fairly obviously, I think, even to one who has no accounting knowledge.
Callisto
  • Callisto
sales is like a revenue account...
Callisto
  • Callisto
for revenue account, increase -> credit side decrease -> debit side
Callisto
  • Callisto
i would say it is accounting, not math :P
anonymous
  • anonymous
lol I have no idea what any of this meant....
NotTim
  • NotTim
ok. lets use common sense here.
anonymous
  • anonymous
My best guess would probably be 2. Other than that I know absolutely nothing about accounting.
NotTim
  • NotTim
What's a debit card for.
NotTim
  • NotTim
wait. that might not work.
Callisto
  • Callisto
i've told you that sales is like a revenue account. For revenue account, if you have increase, you'll put it on Credit side. If you have decrease, you'll put it on the debit side
NotTim
  • NotTim
LEaving only 1 possible response.
Callisto
  • Callisto
Moreover you can use logic to deduce that the 1st two options are correct Since the question is asking you which one is incorrect, there is only one wrong answer if the first option : Increase to the sales account is recorded as credit. is correct, then, the 2nd option ' Decreases to the sales account are recorded as debits' is also correct as it is just like a reverse of the first option
NotTim
  • NotTim
This is me giving Callisto another medal.
Callisto
  • Callisto
Nah?
NotTim
  • NotTim
Ok. Nice work. If the guy was here, He'd probably understand by know. Umm. Did you get my message? was I right?

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