Debits
A)increase both assets and liabilities.
B)decrease both assets and liabilities.
C)increase assets and decrease liabilities.
D)decrease assets and increase liabilities.

Name: Debits A)increase both assets and liabilities. B)decrease both assets and liabilities. C)increase assets and decrease liabilities. D)decrease assets and increase liabilities.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Debits increase assets and decrease liabilities in accounting.