Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability.

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Wesley

Business

15 June, 19:51

Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability.

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Answers (1)

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Ulises · Answer 1

B : assets

Explanation:

As we know that

The debit columns report assets and expenditures side while revenues shareholder equity and the liabilities side are reported in the credit column.

Since we know that asset and the expenses account has a debit balance that means if they are increased so it would be recorded in the debit side and if it decreases so it would be recorded in the credit side that reflects the direct relationship.