Which of the following results in a debit entry to the account identified?
A)increase in shareholders' equity
B)recording interest revenue
C)payment on accounts receivable
D)decrease in shareholders' equity

Question

Quizplus · Accepted Answer

A decrease in shareholders' equity results in a debit entry because it represents a reduction in the company's net assets, which is recorded on the debit side of the accounting equation.

Which of the Following Results in a Debit Entry to the Account