A debit entry in the ledger will

Question

ScanSolve AI Tutor · Accepted Answer

A debit entry in the ledger follows specific rules based on the type of account.

Analyze the effect of a debit on different account types.
A debit increases asset accounts and expense accounts. A debit decreases liability accounts, capital accounts, and revenue accounts.
Evaluate the given options based on the rules of debit entries.
- A. Decrease assets: Incorrect. A debit increases assets.
- B. Decrease liabilities: Correct. A debit decreases liabilities.
- C. Increase capital: Incorrect. A debit decreases capital.
- D. Increase liabilities: Incorrect. A debit decreases liabilities.
The correct option is B.
$\boxed{\text{B. Decrease liabilities}}$

Answer