Which of the following accounts are debited to record increase in balances?
A) assets and liabilities
B) drawing and liabilities
C) expenses and liabilities
D) assets and expenses

Name: Which of the following accounts are debited to record increase in balances? A) assets and liabilities B) drawing and liabilities C) expenses and liabilities D) assets and expenses
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Question

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Debiting an asset account increases its balance, and debiting an expense account records an increase in its balance.

Which of the Following Accounts Are Debited to Record Increase