_____ are increased with debits.
A)Assets and revenues
B)Liabilities and retained earnings
C)Expenses and paid-in capital
D)Assets and expenses

Question

Quizplus · Accepted Answer

Debits increase the balances of asset accounts and expense accounts. Liabilities and equity accounts are increased with credits. Revenue and paid-in capital accounts can also be increased with credits. Therefore, options A, B, and C are all incorrect.

_____ Are Increased with Debits