A debit may signify a(n):
A) increase in Asset account.
B) decrease in Revenue account.
C) decrease in the Liability account.
D) All of the above

Name: A debit may signify a(n): A) increase in Asset account. B) decrease in Revenue account. C) decrease in the Liability account. D) All of the above
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Question

Quizplus · Accepted Answer

Debits signify increases in asset accounts, decreases in revenue accounts, and decreases in liability accounts, making all the options correct.

A Debit May Signify A(n)