Question: Answer the following accounting questions. Answer quickly. It should only take 15 seconds per question! An increase in a liability account is a: C) DEBIT

Answer the following accounting questions. Answer quickly. It should only take 15 seconds per question!

An increase in a liability account is a: C) DEBIT () CREDIT An increase in an asset account is 2: ) DEBIT ) CREDIT A decrease in an asset account is 2: ) DEBIT C) CREDIT An increase in an income account is a: ) DEBIT C) CREDIT A decrease in a liability account is a: ) DEBIT ) CREDIT

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