menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 2
  4. Exam
    Exam 2: Analyzing and Reporting Transactions
  5. Question
    A Debit Is Used to Record
Solved

A Debit Is Used to Record

Question 36

Question 36

Multiple Choice

A debit is used to record:


A) An increase in a liability account.
B) A decrease in an asset account.
C) A decrease in the withdrawals account.
D) An increase in an asset account.
E) An increase in a revenue account.

Correct Answer:

verifed

Verified

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

Related Questions

Q23: Prepaid Insurance is an expense account which

Q32: The general journal provides a place for

Q38: On February 3,2015,Fusilli Stores purchased a computer

Q39: A column in journals and accounts used

Q41: The accounting equation is expressed as assets

Q56: A $15 credit to Sales was posted

Q90: Which of the following statements is incorrect?<br>A)

Q98: A transaction that decreases an asset account

Q121: The purchase on credit of a delivery

Q128: An account is a detailed record of

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