Which of the following accounts are debited to record increases? a. expenses and liabilities b. assets and expenses c. assets and liabilities d. drawing and liabilities

Question

Business

Zachery Hobbs

27 October, 19:46

Which of the following accounts are debited to record increases? a. expenses and liabilities b. assets and expenses c. assets and liabilities d. drawing and liabilities

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Answers (1)

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Brenna Rowe · Answer 1

The answer is B. b. assets and expenses

Explanation:

Debit increases asset and expenses and credit decreases assets and expenses.

Credit increases revenue, owner's equity and liability while debit deceases revenue, owner's equity and liability