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.

Question

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.

nottim · Answer

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 · Answer

wait..is it wrong groups?

anonymous · Answer

I don't believe so... this is accounting/math

nottim · Answer

oookkk.

nottim · Answer

well. what do you think it is? Whatever im thinking is just an opinion, not a accountable fact.

nottim · Answer

helloo?

nottim · Answer

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 · Answer

sales is like a revenue account...

callisto · Answer

for revenue account,
increase -> credit side
decrease -> debit side

callisto · Answer

i would say it is accounting, not math :P

anonymous · Answer

lol I have no idea what any of this meant....

nottim · Answer

ok. lets use common sense here.

anonymous · Answer

My best guess would probably be 2. Other than that I know absolutely nothing about accounting.

nottim · Answer

What's a debit card for.

nottim · Answer

wait. that might not work.

callisto · Answer

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 · Answer

LEaving only 1 possible response.

callisto · Answer

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 · Answer

This is me giving Callisto another medal.

callisto · Answer

Nah?

nottim · Answer

Ok. Nice work. If the guy was here, He'd probably understand by know. Umm. Did you get my message? was I right?