Question

Which statement about the rules of debit and credit is true?

A. If accounts receivable is decreased with a credit, the normal balance is a credit
B. If capital is increased with a debit, the normal balance is a debit
C. If cash is decreased with a debit, the normal balance is a debit
D. If accounts payable is increased with a credit, the normal balance is a credit

Answer 1

D option is correct as it is liability of firm