Multiple Choice
A debit is used to record
A) An increase in an asset account.
B) A decrease in an asset account.
C) An increase in a revenue account.
D) An increase in a liability account.
E) A decrease in the withdrawals account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: What types of account balances are increased
Q20: A chart of accounts lists the accounts
Q25: The following is a correct journal entry:
Q26: Jelly's Grocery Store showed the following account
Q27: If the Debit and Credit column totals
Q28: Unearned revenues are<br>A)Liabilities created by advance cash
Q37: The chart of accounts is a list
Q52: In a double-entry accounting system, total debits
Q62: Credits to accounts are always increases.
Q84: The total dollar value of all debits