Which of the following accounts is increased by a debit entry?

Name: Which of the following accounts is increased by a debit entry?
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

The Equipment account is an asset account, and assets are increased with a debit entry. Common Stock is a shareholder equity account, which is usually increased by a credit entry; Notes Payable is a liability account, which is also usually increased by a credit entry; and Service Revenue is a revenue account, which is increased by a credit entry when earned.

Which of the Following Accounts Is Increased by a Debit