Which of the accounts are decreased on the debit side and increased on the credit side?

A. Assets, dividends, and expenses.

B. Dividends, liabilities, and assets.

C. Expenses, dividends, and stockholders' equity.

D. Liabilities, stockholders' equity, and revenues.

Question

Jay Krueger

Business

12 December, 20:12

Which of the accounts are decreased on the debit side and increased on the credit side?

A. Assets, dividends, and expenses.

B. Dividends, liabilities, and assets.

C. Expenses, dividends, and stockholders' equity.

D. Liabilities, stockholders' equity, and revenues.

+1

Answers (1)

Know the Answer?

Craig Huber · Answer 1

Answer: D. Liabilities, stockholders' equity, and revenues.

Explanation: In case of liabilities and equity increase by credit because they are the funds with which the company has to finance the assets according to the balance sheet. Example: Accounts payable suppliers, share capital of shareholders.

Revenues correspond to the income statement and also increase in credit. Example: Revenue from sales, income from commissions.

Which of the accounts are decreased on the debit side and increased on the credit side?A. Assets, dividends, and expenses.B. Dividends, liabilities, and assets.C. Expenses, dividends, and stockholders' equity.D. Liabilities, stockholders' equity, and revenues.

Which of the accounts are decreased on the debit side and increased on the credit side?

A. Assets, dividends, and expenses.

B. Dividends, liabilities, and assets.

C. Expenses, dividends, and stockholders' equity.

D. Liabilities, stockholders' equity, and revenues.