Which of the following is a debit entry?
A: Sales
B: An increase in a liability
C: A decrease in an asset
D: An increase in cash
A: Sales
B: An increase in a liability
C: A decrease in an asset
D: An increase in cash
举一反三
- Which one of the following statements is correct？ A: An increase in an asset is a debit and an increase in an expense is a credit B: An increase in capital is a debit and an increase in a liability is a credit C: An increase in an expense is a debit and a reduction in an asset is a credit D: A reduction in a liability is a debit and an increase in an expense is a credit
- The purchase of office supplies on account will: （ ）. A: Increase an asset and decrease a liability B: Increase one asset and decrease another asset C: Increase an asset and increase a liability D: Decrease an asset and decrease a liability
- An expenditure results either in a(n) ( ) in the asset account or a(n) ( ) in a liability account. A: decrease, decrease B: increase, increase C: increase, decrease D: decrease, increase
- Which of the following statements is true? A: A debit records an increase in liabilities. B: A debit records a decrease in assets. C: A credit records an increase in liabilities. D: A credit records an decrease in capital.
- Which of the following events is most likely to have caused the increase in gross profit as a percentage of sales? A: An increase in sales volume. B: A decrease in sales volume. C: Overstatement of the closing inventory. D: Understatement of the closing inventory.