A Debit Is Used to Record Which of the Following

question 90

Multiple Choice

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 a contributed capital account.
• E)An increase in the dividends account.

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Definitions:

Criterion

A standard or rule by which something is judged or decided.

Book Rep Number

A unique identifier assigned to a book representative or dealer for tracking purposes and identification.

Sort Key

A specific field or column used to organize data in a specific order when sorting.

Primary Sort Key

A Primary Sort Key is the main field or column used to organize data in a sorted order within a database or spreadsheet.