What is a debit?
a. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.
b. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the right in an accounting entry.
c. All of the above
d. None of the above
Answer is a. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.
You might also like to view...
Describe the accounting for minority, active investments
According to the AMA's Code of Ethics, to acknowledge the basic human dignity of all stakeholders represents the ethical value of ________.
Fill in the blank(s) with the appropriate word(s).
Explain why the author says communication in leadership is like the cardiovascular system of the human body.
What will be an ideal response?
An opportunity cost is:
A. a cost that cannot be traced to a specific cost object. B. the foregone benefit of the path not taken. C. the initial investment required to pursue an opportunity. D. an actual outlay of cash.