Debits are used to record:
A)increases in assets.
B)increases in liabilities.
C)increases in revenue.
D)decreases in expenses.

Name: Debits are used to record: A)increases in assets. B)increases in liabilities. C)increases in revenue. D)decreases in expenses.
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Question

Quizplus · Accepted Answer

Debits are used to record increases in assets, as well as decreases in liabilities, equity (including revenues), and can increase expenses. Therefore, the correct answer is A, as it directly relates to the increase in assets.

Debits Are Used to Record