Which of the following accounts is increased by a debit entry?
A)common stock
B)equipment
C)notes payable
D)service revenue

Question

Quizplus · Accepted Answer

The account that is increased by a debit entry is an asset or an expense account. Choices A, C, and D are all liability, equity, or revenue accounts, which are increased by credit entries. Therefore, the only option that is left is B, which is an asset account that is increased by debit entries.

Which of the Following Accounts Is Increased by a Debit