Question

Which statement about the rules of debit and credit are true.
A if accounts receivable is decreased with a credit, the normal balance is credit
B if accounts payable is increased with a credit, the normal balance is a credit
C if capital is increased with a debit, the normal balance is a debit
D if cash is decreased with a debit, the normal balance is a debit

Answer 1

\(\huge\color{green}{Welcome~to~Openstudy!!}\)

Answer 2

please post this under the mathematics section
this is the openstudy feedback section
thank you

Answer 3

@acxbox22 this isn't math ;-;
it's accounting

Answer 4

there is an accounting section?
i couldnt find it :\

Answer 5

oh never mind

Answer 6

I don't think there is... there is a finance but I don't wanna send him to a dead section :/

Answer 7

exactly...

Answer 8

@Ayoung01
The Normal Balance of an Account is the debit/credit of it's increase.
For example: Increasing Cash means to Debit it, therefore Cash's Normal Balance would be a Debit.

Also (just some facts) ( http://www.accountingcoach.com/debits-and-credits/explanation/3 )
Assets are normally Debited
Liabilities are normally Credited
Owners Equity is normally Credited

Accounts Payable = Liability (should both be credit)
Capital = Owner's Equity (should both be credit)
Cash = Asset (should both be debit)