Aami accounting one - Study guides, Class notes & Summaries

AAMI Accounting One, AAMI Accounting Two Exam with Questions and Answers How do you increase an asset account? ANSWER Debit How do you decrease an asset account? ANSWER Credit How do you increase a liability account? ANSWER Credit How do you decrease a liability account? ANSWER debit How do you increase revenue? ANSWER Credit How do you increase expenses? ANSWER debit What is the accounting equation? ANSWER Assets=Liabilities+Owner's Equity Cash is a(n): ANSWER Asset ...

AAMI ACCOUNTING ONE FINAL REVIEW Questions and Verified Answers (2024 / 2025)/ A+ GRADE

AAMI ACCOUNTING ONE FINAL REVIEW 2024 QUESTIONS AND ANSWERS How do you increase an asset account? - Correct Answer ️️ -Debit How do you decrease an asset account? - Correct Answer ️️ -Credit How do you increase a liability account? - Correct Answer ️️ -Credit How do you decrease a liability account? - Correct Answer ️️ -debit How do you increase revenue? - Correct Answer ️️ -Credit How do you increase expenses? - Correct Answer ️️ -debit What is the accounting equ...

How do you increase an asset account? : Debit How do you decrease an asset account? : Credit How do you increase a liability account? : Credit How do you decrease a liability account? : debit How do you increase revenue? : Credit How do you increase expenses? 2 | P a g e : debit What is the accounting equation? : Assets=Liabilities+Owner's Equity Cash is a(n): : Asset Revenue is a(n): : Owner's Equity Accounts Receivable is a(n): : Asset Mortgage Payable is a(n): : Liabil...

AAMI ACCOUNTING ONE FINAL REVIEWHow do you increase an asset account? - correct answer Debit How do you decrease an asset account? - correct answer Credit How do you increase a liability account? - correct answer Credit How do you decrease a liability account? - correct answer debit How do you increase revenue? - correct answer Credit How do you increase expenses? - correct answer debit What is the accounting equation? - correct answer Assets=Liabilities+Owner's Equity Cash...

How do you increase an asset account? CORRECT ANSWER Debit How do you decrease an asset account? CORRECT ANSWER Credit How do you increase a liability account? CORRECT ANSWER Credit How do you decrease a liability account? CORRECT ANSWER debit How do you increase revenue? CORRECT ANSWER Credit How do you increase expenses? CORRECT ANSWER debit What is the accounting equation? CORRECT ANSWER Assets=Liabilities+Owner's Equity Cash is a(n): CORRECT ANSWER Asset Revenue is a...

AAMI ACCOUNTING ONE FINAL REVIEW 2024 QUESTIONS AND ANSWERS How do you increase an asset account? - Correct Answer ️️ -Debit How do you decrease an asset account? - Correct Answer ️️ -Credit How do you increase a liability account? - Correct Answer ️️ -Credit How do you decrease a liability account? - Correct Answer ️️ -debit How do you increase revenue? - Correct Answer ️️ -Credit How do you increase expenses? - Correct Answer ️️ -debit What is the accounting equ...

How do you increase an asset account? - correct answer Debit How do you decrease an asset account? - correct answer Credit How do you increase a liability account? - correct answer Credit How do you decrease a liability account? - correct answer debit How do you increase revenue? - correct answer Credit How do you increase expenses? - correct answer debit What is the accounting equation? - correct answer Assets=Liabilities+Owner's Equity Cash is a(n): - correct answer Asset...

AAMI ACCOUNTING ONE FINAL REVIEW Study Questions 2024.How do you increase an asset account? - correct answer Debit How do you decrease an asset account? - correct answer Credit How do you increase a liability account? - correct answer Credit How do you decrease a liability account? - correct answer debit How do you increase revenue? - correct answer Credit How do you increase expenses? - correct answer debit What is the accounting equation? - correct answer Assets=Liabilities+O...

AAMI ACCOUNTING ONE FINAL REVIEW QUESTIONS CLEARLY ANSWERED 2024.How do you increase an asset account? - correct answer Debit How do you decrease an asset account? - correct answer Credit How do you increase a liability account? - correct answer Credit How do you decrease a liability account? - correct answer debit How do you increase revenue? - correct answer Credit How do you increase expenses? - correct answer debit What is the accounting equation? - correct answer Assets=Li...