A debit to an asset account always indicates
A) an error.
B) a credit was made to a liability account.
C) a decrease in the asset.
D) an increase in the asset.

Name: A debit to an asset account always indicates A) an error. B) a credit was made to a liability account. C) a decrease in the asset. D) an increase in the asset.
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Question

Quizplus · Accepted Answer

A debit to an asset account indicates an increase in the asset. This is because assets follow a debit increase and credit decrease rule in accounting.

A Debit to an Asset Account Always Indicates