AAMI Accounting ONE Certification
Exam A+ Questions and Answers Verified
Solutions Latest Update 2026/2027
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
●● Revenue is a(n):
Answer:
Owner's Equity
●● Accounts Receivable is a(n):
Answer:
Asset
●● Mortgage Payable is a(n):
Answer:
Liability
●● Accounts Payable is a(n):
Answer:
Liability
●● Office Equipment is a(n):
Answer:
Asset
●● Capital is a(n):
Answer:
Owner's Equity
●● Automotive Equipment is a(n):
Answer:
Asset
●● The book of original entry is
Answer:
Exam A+ Questions and Answers Verified
Solutions Latest Update 2026/2027
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
●● Revenue is a(n):
Answer:
Owner's Equity
●● Accounts Receivable is a(n):
Answer:
Asset
●● Mortgage Payable is a(n):
Answer:
Liability
●● Accounts Payable is a(n):
Answer:
Liability
●● Office Equipment is a(n):
Answer:
Asset
●● Capital is a(n):
Answer:
Owner's Equity
●● Automotive Equipment is a(n):
Answer:
Asset
●● The book of original entry is
Answer:
