객관식
Recording transactions in a journal is called:
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2. Transaction Analysis
Journal Entries: Debits and Credits
객관식
A debit is used to record which of the following?
A
An increase in a revenue account
B
A decrease in an expense account
C
An increase in an asset account
D
An increase in a liability account
검증된 단계별 안내1
Understand the concept of debits and credits: In accounting, debits and credits are used to record changes in accounts. A debit entry typically increases asset and expense accounts, while it decreases liability, equity, and revenue accounts.
Analyze the options provided in the problem: Review each option to determine whether it aligns with the general rules of debits and credits.
Option 1: 'An increase in a revenue account' - Revenue accounts are increased by credits, not debits. Therefore, this option is incorrect.
Option 2: 'A decrease in an expense account' - Expense accounts are decreased by credits, not debits. This option is also incorrect.
Option 3: 'An increase in an asset account' - Asset accounts are increased by debits, which aligns with the rules of accounting. This is the correct answer.
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