Which of the following transactions would involve a debit to an asset account?
A)Recording amortization expense on capital assets.
B)Payment of an accounts payable
C)Payment of a dividend
D)Collection of an accounts receivable

Question

Quizplus · Accepted Answer

Collection of an accounts receivable involves receiving cash which increases the asset account of cash, therefore it requires a debit entry to the asset account. The other options involve decreasing assets (amortization expense) or not affecting assets at all (payment of accounts payable and payment of dividend).

Which of the Following Transactions Would Involve a Debit to an Asset