A debit to an asset account indicates:Select one:O a. a credit was made to a liability accountO b. an increase in the Retained EarningsOc an increase in the assetO d. a wrong entry

Normally all assets accounts should have debit balance. All liability and capital accounts should…

Answered: A debit to an asset account indicates:…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 2EB: Consider the following accounts and determine if the account is an asset (A), a liability (L), or...

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A debit to an asset account indicates: Select one: O a. a credit was made to a liability account O b. an increase in the Retained Earnings Oc an increase in the asset O d. a wrong entry