In journal entries under the debit/credit system, which of the following is NOT considered a debit (i.e., would normally be recorded as a credit)?

• A. Decrease in a liability account
• B. Decrease in an asset account
• C. Increase in an expense account
• D. Increase in an asset account

Answer: (B)

Verified step by step guidance

1. Understand the basic rule of debits and credits: Debits increase asset and expense accounts, and decrease liability, equity, and revenue accounts. Credits do the opposite.
2. Identify which accounts are affected by each transaction type: Asset accounts increase with debits and decrease with credits; Liability accounts increase with credits and decrease with debits; Expense accounts increase with debits.
3. Analyze 'Decrease in a liability account': Since liabilities normally increase with credits, a decrease in a liability is recorded as a debit.
4. Analyze 'Increase in an expense account': Expenses increase with debits, so an increase in an expense account is recorded as a debit.
5. Analyze 'Decrease in an asset account': Assets increase with debits and decrease with credits, so a decrease in an asset account is recorded as a credit, meaning it is NOT considered a debit.