In double-entry accounting, if you debit an asset account, which account should be credited? A) Expense account

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In double-entry accounting, if you debit an asset account, which account should be credited?

A) Expense account
B) Liability account
C) Equity account
D) Another asset account

Related Book For answer-question

Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Posted Date: Jan 15, 2024 03:09 AM

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In double-entry accounting, if you debit an asset account, which account should be credited? A) Expense account

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Introduction to Financial Accounting

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