Making a debit entry to a T account will:
Please select all that apply.

Question

Quizplus · Accepted Answer

A debit entry to a T account will decrease a capital balance (A) because capital accounts have a credit balance by nature, and debiting them reduces their balance. It will decrease a liability balance (B) since liabilities also have a natural credit balance, and debiting reduces this balance. It will increase an expense balance (C) because expense accounts have a debit balance naturally, and debiting them increases their balance. Debit entries do not increase income balances (D) since income accounts have a natural credit balance, and debiting them would decrease their balance, not increase.

Making a Debit Entry to a T Account Will