Asked by
Terica Brown
on Oct 16, 2024
Verified
A debit is used to record which of the following:
A) A decrease in an asset account.
B) A decrease in an expense account.
C) An increase in a revenue account.
D) An increase in the common stock account.
E) An increase in the dividends account.
Dividends Account
An account used to record the payments made by a company to its shareholders out of its profits.
Asset Account
An account on a balance sheet that represents the value of all assets owned by an entity.
- Acquire a solid understanding of the core ideas behind debits and credits in accounting.
Verified Answer
PC
Learning Objectives
- Acquire a solid understanding of the core ideas behind debits and credits in accounting.