menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 3: Analyzing Business Transactions Using T Accounts
  5. Question
    Debits Are Used to Record
Solved

Debits Are Used to Record

Question 88

Question 88

Multiple Choice

Debits are used to record


A) increases in assets.
B) increases in revenue.
C) increases in owner's equity.
D) increases in liabilities.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q31: The increase side of an account represents

Q83: The normal balance of an account is

Q85: An accounting system that involves recording the

Q86: Rent Revenue is increased by _ the

Q87: A business transaction affects at least two

Q90: The accounts and balances for Paw Prints

Q91: When preparing the trial balance,the total debits

Q92: The Net Income amount from the Income

Q93: Revenue and expense accounts are called nominal

Q106: Another name for<i> permanent accounts is real

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines