Which pair of accounts follows the rules of debit and credit in the same manner?
A) Revenue from Services and Equipment
B) Inventory and Advertising Expense
C) Repair Expense and Accounts Payable
D) Common Stock and Cash

Question

Quizplus · Accepted Answer

Both Inventory and Advertising Expense are asset accounts, and they follow the same rules of debit and credit, where an increase is recorded as a debit and a decrease as a credit.

Which Pair of Accounts Follows the Rules of Debit and Credit