menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 2: The Recording Process
  5. Question
    A Debit to an Asset Account Indicates
Solved

A Debit to an Asset Account Indicates

Question 3

Question 3

Multiple Choice

A debit to an asset account indicates


A) an error.
B) a credit was made to a liability account.
C) a decrease in the asset.
D) an increase in the asset.

Correct Answer:

verifed

Verified

Related Questions

Q1: Phast Mail Service purchased equipment for $2000.

Q2: Prepare a corrected trial balance for

Q4: The chart of accounts is a listing

Q5: When two accounts are required in one

Q6: A credit balance in a liability account

Q7: If a revenue account is credited the

Q8: If a company has overdrawn its bank

Q9: Phair and Associates is a financial

Q10: The steps in preparing a trial balance

Q11: After transaction information has been recorded in

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