Which of the following accounts would be credited in a proper journal entry?
A) Cash when it is increased
B) Accounts Receivable when it is increased
C) Expenses when it is increased
D) Accounts Payable when it is increased

Question

Quizplus · Accepted Answer

In accounting, when an account is increased, it is either debited or credited based on the type of account. For asset accounts like Cash (A) and Accounts Receivable (B), an increase is recorded as a debit, not a credit. For expense accounts (C), an increase is also recorded as a debit. However, for liability accounts like Accounts Payable (D), an increase is recorded as a credit.

Which of the Following Accounts Would Be Credited in a Proper