Asked by

bridget casco
on Dec 16, 2024

verifed

Verified

Which of the following accounts are debited to record increases?

A) assets and liabilities
B) drawing and liabilities
C) expenses and liabilities
D) assets and expenses

Recorded Increases

Entries in financial records that reflect an increase in assets, revenues, or any account that adds to the net worth or net income of a company.

Debited

In accounting, this term indicates that an entry has been made to the left side of an account, increasing assets or expenses, or decreasing equity, liability, or revenue.

  • Recognize and categorize various kinds of accounts (assets, liabilities, owner's equity, expenses, revenues).
  • Comprehend the principles of debit and credit as they pertain to account balances.
verifed

Verified Answer

MW
Madison WittmanDec 17, 2024
Final Answer:
Get Full Answer