1.

What does he debit in an asset account signify?​

Answer»

In BOOKKEEPING, a debit can signify an INCREASE in an asset, an expense, and the owner's draws. A debit can ALSO signify a decrease in a liability, revenues, and owner's equity. ... A debit is also the AMOUNT entered on the left-side of a T-account.



Discussion

No Comment Found

Related InterviewSolutions