Multiple Choice
Which of the following statements is incorrect?
A) A debit entry is used to increase expenses.
B) A credit entry is used to increase equity.
C) A credit entry is used to increase assets.
D) A debit entry is used to increase assets.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q27: A journal is a record in which
Q28: Profit (or loss)= _ less expenses
Q29: A business purchased a motor vehicle worth
Q30: Which of the following would be recognised
Q31: A business owner withdraws $1000 from the
Q33: The trial balance at the end of
Q34: The double-entry method of accounting refers to
Q35: Evidence that would not be of help
Q36: A listing of ledger accounts,names,and amounts is
Q37: The error that would be detected by