One asset would be debited and another credited if:
A) the business provided services to a cash customer.
B) the business paid a creditor.
C) the business bought supplies paying cash.
D) the business provided services to a credit customer.

Question

Quizplus · Accepted Answer

When the business buys supplies and pays cash, the supplies account (an asset) is debited, and the cash account (another asset) is credited.

One Asset Would Be Debited and Another Credited If