An employee receives his paycheck and he records the amount in his personal checkbook. Which is the best term to describe this action?
A) entering a debit
B) entering a credit
C) increasing owner's equity
D) adding to inventory

Question

Quizplus · Accepted Answer

Recording the paycheck amount in a checkbook is considered entering a credit because it increases the balance of the account.

An Employee Receives His Paycheck and He Records the Amount