A debit entry:
A) Increases asset and expense accounts.
B) Decreases liability and equity accounts.
C) Increases the owner's withdrawals account.
D) Decreases revenue accounts.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

A debit entry increases asset and expense accounts, decreases liability and equity accounts, increases the owner's withdrawals account, and decreases revenue accounts, making all the options correct.

A Debit Entry