Which of the following accounts increases with a debit?

Question

Quizplus · Accepted Answer

Cash is an asset account and asset accounts increase with debits.

Answer: B and C 
 Interest Payable and Accounts Payable are liability accounts, and liability accounts increase with debits in the case of Interest Payable and credits in the case of Accounts Payable. Without contextual information, it is impossible to determine which direction the account is moving.

Answer: D
 Common Stock is a stockholder's equity account and equity accounts typically increase with credits.

Which of the Following Accounts Increases with a Debit