Question

Of the following account types, which would be increased by a debit?

• A. Liabilities and expenses
• B. Assets and equity
• C. Assets and expenses
• D. Equity and revenues

Answer 1

The correct option is C Assets and expenses

• Assets (Cash, Accounts receivable, Inventory, Land, Equipment, etc.)
• Expenses (Rent Expense, Wages Expense, Interest Expense, etc.)