PRC-1 · Chapter 1 · Question 29 of 100
A debit entry in the general ledger usually represents an increase in which of the following accounting elements?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Assets and Expenses
Explanation
Following the rules of double-entry bookkeeping, a debit entry is utilized to record an increase in either an asset account or an expense account.
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