Which pair of accounts follows the rules of debit and credit in the same manner?
A) Revenue from Services and Equipment
B) Prepaid Rent and Advertising Expense
C) Repair Expense and Notes Payable
D) Owner's Capital and Rent Expense

Question

Quizplus · Accepted Answer

Prepaid Rent is an asset, which is increased through debit and decreased through credit. Advertising Expense is an expense account, which is increased through debit and decreased through credit. Both accounts follow the same rules of debit and credit.

Which Pair of Accounts Follows the Rules of Debit and Credit