menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 8
  4. Exam
    Exam 3: The Recording Process: Debits and Credits
  5. Question
    A Debit to a Liability Account Indicates
Solved

A Debit to a Liability Account Indicates

Question 142

Question 142

Multiple Choice

A debit to a liability account indicates


A) that the normal balance of the account is a credit.
B) that the normal balance of the account is a debit.
C) an increase in the liability.
D) a decrease in the liability.

Correct Answer:

verifed

Verified

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

Related Questions

Q3: A debit to an asset account indicates<br>A)

Q138: A payment on account increases total expenses.

Q139: A credit to a liability account indicates<br>A)

Q140: Liability accounts are increased with credits..

Q141: The normal balance of an asset account

Q143: A credit is not the normal balance

Q144: A debit is not the normal balance

Q145: Josie's Gym received payment from customers that

Q146: Boise Co. pays its employees twice a

Q147: Knowing the normal balances of accounts would

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