Which of the statements of the rules of debit and credit is true?
A) Decrease Accounts Receivable with a credit and the normal balance is a credit.
B) Increase Accounts Payable with a credit and the normal balance is a credit.
C) Increase Revenue with a debit and the normal balance is a debit.
D) Decrease Cash with a debit and the normal balance is a debit.

Question

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Accounts Payable is a liability account, and like all liability accounts, it increases on the credit side and decreases on the debit side. Its normal balance is a credit because liabilities are normally increased through credits, reflecting the amount owed to creditors.

Which of the Statements of the Rules of Debit and Credit