A debit is used to record
A) An increase in an asset account.
B) A decrease in an asset account.
C) An increase in a revenue account.
D) An increase in a liability account.
E) A decrease in the withdrawals account.
Correct Answer:
Verified
Q73: On June 30, the Cash account of
Q74: A column in journals and accounts used
Q75: A credit entry
A)Increases asset and expense accounts,
Q76: Of the following accounts, the one that
Q77: Which of the following statements is incorrect?
A)The
Q79: During the month of November, Cornish Company
Q80: A record of all accounts used by
Q81: If, on a trial balance, the total
Q82: Eli opened a new business by investing
Q83: A $15 credit to Sales was posted
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents