Which of the following is NOT considered a debit in accounting journal entries?

• A. Increase in assets
• B. Increase in revenue
• C. Decrease in liabilities
• D. Increase in expenses

Answer: (B)

Verified step by step guidance

1. Understand the concept of debits and credits in accounting: Debits are entries that increase asset and expense accounts, and decrease liability, equity, and revenue accounts. Credits, on the other hand, increase liability, equity, and revenue accounts, and decrease asset and expense accounts.
2. Analyze each option provided in the question: Determine whether each option aligns with the definition of a debit or a credit.
3. Option 1: 'Increase in assets' - Increasing assets is recorded as a debit because assets are on the left side of the accounting equation and debits increase their balance.
4. Option 2: 'Increase in revenue' - Revenue is part of equity and is increased by credits, not debits. This makes it the correct answer to the question.
5. Option 3: 'Decrease in liabilities' and Option 4: 'Increase in expenses' - Decreasing liabilities is recorded as a debit, and increasing expenses is also recorded as a debit, as both align with the rules of debits in accounting.