Multiple Choice
A debit to an asset account indicates a(n)
A) error.
B) credit was made to a liability account.
C) decrease in the asset.
D) increase in the asset.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: Crawford Company started the year with $60,000
Q20: An account consists of two parts: (1)
Q21: The ledger accounts are typically arranged in<br>A)chronological
Q22: The Dividends account<br>A)appears on the income statement
Q23: Which statement is <b>incorrect</b>?<br>A)Dividends represent a distribution
Q26: A trial balance will not balance if<br>A)a
Q27: The entire group of accounts maintained by
Q28: The normal balance of an asset is
Q29: A debit means that an account has
Q138: Transactions are entered in the ledger accounts