Match the items by choosing the appropriate code letter :
-The side which increases an asset account.
A) Account
B) Debit
C) Credit
D) Revenue account
E) Ledger
F) Journal
G) Posting
H) Chart of accounts
I) Trial balance
J) Source document

Question

Quizplus · Accepted Answer

Debit increases an asset account. In double-entry bookkeeping, debits and credits are used to record transactions. Debits increase asset and expense accounts, while credits decrease them.

Match the Items by Choosing the Appropriate Code Letter