Which of the following accounts is decreased with a debit?
A)Accounts Receivable
B)Accounts Payable
C)Prepaid Rent
D)Rent Expense

Question

Quizplus · Accepted Answer

Debits increase asset accounts;credits decrease asset accounts.Debits decrease liability and stockholders' equity accounts;credits increase liability and stockholders' equity accounts.Accounts Payable,a liability account,is decreased with a debit.

Which of the Following Accounts Is Decreased with a Debit