A debit entry
A) increases asset and expense account
B) decreases liability and equity accounts
C) increases the owner's withdrawals account
D) decreases revenue accounts
E) All of these

Question

Quizplus · Accepted Answer

A debit entry does indeed increase asset and expense accounts, decrease liability and equity accounts, increase the owner's withdrawals account, and decrease revenue accounts. These are fundamental principles of accounting that define how debit entries affect various types of accounts.

A Debit Entry