When liability, capital, and revenue accounts increase, there will be a
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 3MC: LO3 Liability, owners equity, and revenue accounts normally have (a) debit balances. (b) large...
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Topic Video
Question
When liability, capital, and revenue accounts increase, there will be a _____________.
a.
Neither Debit nor credit
b.
Credit.
c.
debit and credit.
d.
debit.
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