Multiple Choice
A debit may signify a(n)
A) increase in asset accounts.
B) increase in liability accounts.
C) increase in the capital account.
D) decrease in expense accounts.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: A transaction that involves more than one
Q77: Determine the ending owner's equity of a
Q79: Identify the normal balance for each of
Q80: Which of the following types of accounts
Q81: The beginning balance in Cash was $400.
Q83: Accounts Receivable had a normal starting balance
Q84: What is the proper entry to show
Q85: Which type of account would NOT be
Q86: Salaries Expense appears on the balance sheet.
Q87: Cash increases on the debit side of