Asked by
bridget casco
on Dec 16, 2024Verified
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.
Verified Answer
MW
Learning Objectives
- 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.
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