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
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
举一反三
- 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 is a debit entry? A: Sales B: An increase in a liability C: A decrease in an asset D: An increase in cash
- Unearned Revenue is a ________ account and carries a ________ normal balance. A: liability; credit B: asset; credit C: revenue; debit D: asset; debit
- 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
- 中国大学MOOC: Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are: