Which of the following results in a debit entry to the account identified?
A)Increase in shareholders' equity
B)Recording interest revenue
C)Payment on accounts receivable
D)Decrease in shareholders' equity

Question

Quizplus · Accepted Answer

A debit entry to an account signifies either an increase in assets or expenses or a decrease in liabilities, equity, or revenue. In this context, a decrease in shareholders' equity (D) would result in a debit entry, as it signifies a reduction in the company's net worth or equity.

Which of the Following Results in a Debit Entry to the Account