Which accounts are increased with debits?

A) Cost of Goods Sold, Capital Stock, Assets
B) Dividends, Revenue, Liabilities
C) Assets, Cost of Goods Sold, Dividends Distributed
D) Liabilities, Capital Stock, Revenue

Question

Nathan Okura · Accepted Answer

Final Answer : C, Explanation :  Assets and Cost of Goods Sold are increased with debits, while Dividends Distributed is decreased. Capital Stock is typically increased with credits, and is not included in the answer choices for accounts increased with debits. Liabilities are also typically increased with credits, and Revenue is typically increased with credits as well.

Which accounts are increased with debits?

A) Cost of Goods Sold, Capital Stock, Assets
B) Dividends, Revenue, Liabilities
C) Assets, Cost of Goods Sold, Dividends Distributed
D) Liabilities, Capital Stock, Revenue

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Learning Objectives

Related questions

Which accounts are increased with debits?A) Cost of Goods Sold, Capital Stock, AssetsB) Dividends, Revenue, LiabilitiesC) Assets, Cost of Goods Sold, Dividends DistributedD) Liabilities, Capital Stock, Revenue

Definitions

Learning Objectives

Learning Objectives

Related questions

Which accounts are increased with debits?

A) Cost of Goods Sold, Capital Stock, Assets
B) Dividends, Revenue, Liabilities
C) Assets, Cost of Goods Sold, Dividends Distributed
D) Liabilities, Capital Stock, Revenue