A Debit Increases the Balance of Which Types of Accounts

question 86

Multiple Choice

A debit increases the balance of which types of accounts?

• A) assets and liabilities
• B) assets and expenses
• C) liabilities and expenses
• D) assets and shareholders' equity

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Definitions:

Normally Closed

Refers to a switch or relay that is in a closed (conducting) state when at rest, opening only when activated.

Overload Contacts

Electrical contacts designed to open or close in response to an overload condition, providing protection to circuits and devices.

Wiring Diagram

A wiring diagram is a simplified conventional pictorial representation of an electrical circuit, showing the components of the circuit and their connections.