A debit increases the balance in all of the following accounts except for which one?
A. Cash
B. withdrawals
C. Expenses
C. accounts payable

Question

A debit increases the balance in all of the following accounts except for which one?
 A. Cash
 B. withdrawals
 C. Expenses
 C. accounts payable

sleepyhead314 · Answer

Hello @Ayoung01 and Welcome to OpenStudy :)
I remember that Cash and Expenses are both Debited
so between withdrawals and accounts payable, which do you think is Credited? :)

anonymous · Answer

Accounts payable I think

sleepyhead314 · Answer

Correct! :)
there you go ^_^

anonymous · Answer

Awesome thanks:)

sleepyhead314 · Answer

Glad I could help :)
remember to click the "Close" button when you're done to keep things here organized ;)

sleepyhead314 · Answer

If you would like to learn more about how to use this site feel free to check out this tutorial :) http://openstudy.com/study#/updates/543de42fe4b0b3c6e146b5e8