An account is increased by a debit and has a debit balance. This account is:
A) an expense account.
B) a liability account.
C) an asset account.
D) both an expense account and an asset account.

Question

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The Answer of An account is increased by a debit and has a debit balance. This account is:
A) an expense account.
B) a liability account.
C) an asset account.
D) both an expense account and an asset account.

An Account Is Increased by a Debit and Has a Debit