Asked by Alexia Keobangsy on May 10, 2024
Verified
An account that would be increased by a debit is:
A) Cash.
B) Fees Earned.
C) Capital.
D) Accounts Payable.
Accounts Payable
Liabilities representing amounts owed by an entity to suppliers or creditors for goods and services received but not yet paid for.
Fees Earned
Revenue generated from providing services, as opposed to selling goods.
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.
- Analyze the differences between accounts with a typical debit versus credit balance.
Verified Answer
HP
Haley PierceMay 15, 2024
Final Answer :
A
Explanation :
Cash is an asset account, and asset accounts increase with debits.
Learning Objectives
- Analyze the differences between accounts with a typical debit versus credit balance.