AE for Expenses

Q.

What are Unamortized Expenses?

Q.

If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or as a credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or as a credit?

Q.

Payment of expenses in cash will ___ the assets

1. Overstate

2. Decrease

3. Increase

4. It will remain unaffected

Q. When the electricity bill is paid, the value of capital will .

1. increase
2. decrease
3. not change