Which pair of accounts follows the rules of debit and credit in the opposite manner?
A)Prepaid Insurance and Withdrawals
B)Advertising Expense and Land
C)Withdrawals and Service Revenue
D)Interest Payable and Owner's Capital

Question

Quizplus · Accepted Answer

Withdrawals account is debited when the owner withdraws cash from the business, while Service Revenue account is credited when the business earns revenue by providing services. These accounts follow the rules of debit and credit in an opposite manner.

Which Pair of Accounts Follows the Rules of Debit and Credit