In accordance with the debit and credit rules, which of the following is true?
A) Debits increase assets.
B) Credits increase assets.
C) Debits increase both assets and capital.
D) Credits increase both assets and liabilities.

Question

Quizplus · Accepted Answer

According to the debit and credit rules, debits increase assets and expenses, while credits increase liabilities, equity, and revenue.

In Accordance with the Debit and Credit Rules, Which of the Following