Which accounts are increased with debits?

Name: Which accounts are increased with debits?
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Question

Quizplus · Accepted Answer

In accounting, the accounts that are increased with debits include assets, cost of goods sold, and expenses. Common stock and capital stock are equity accounts that are increased with credits, while liabilities and revenue are also increased with credits. Dividends are also an equity account, but they are decreased with debits rather than increased. Therefore, the best choice is C.

Which Accounts Are Increased with Debits