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

Question

Quizplus · Accepted Answer

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

A Debit Entry