Which of the following require a debit entry?
A) Contributions of capital
B) Increases in revenues
C) Increases in liabilities
D) Decreases in shareholders' equity

Question

Quizplus · Accepted Answer

Increases in liabilities and revenues, as well as contributions of capital, are credited. Decreases in shareholders' equity, however, are debited because they represent a reduction in the owners' claim on the assets, aligning with the accounting equation (Assets = Liabilities + Shareholders' Equity).

Which of the Following Require a Debit Entry