Which one of the following account groups will decrease with a debit?
A) assets and expenses
B) revenues and expenses
C) liabilities and revenues
D) assets and liabilities

Question

Quizplus · Accepted Answer

Liabilities and revenues decrease with a debit because in accounting, liabilities and revenues typically increase with credits and decrease with debits, opposite to assets and expenses.

Which One of the Following Account Groups Will Decrease with a Debit