A credit entry to a debit account will:
A) Increase the debit balance on that account IE increase an asset or expense.
B) Reduce the debit balance on that account IE reduce the asset or expense.
C) Increase the credit balance on that account IE increase the liability, equity or income.
D) Reduce the credit balance on that account IE reduce the liability,equity or income.
Correct Answer:
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Q1: The credit side of the T account
Q2: The debit side of the T account
Q4: A debit entry to a debit account
Q5: A debit entry to a credit account
Q6: A credit entry to a credit account
Q7: Making a debit entry to a T
Q8: Making a credit entry to a T
Q9: Making a debit entry to a T
Q10: Making a credit entry to a T
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