Question
If you enter a debit transaction into an account with a debit balance it will
A
Increase the debit balance.
B
Decrease the debit balance.
C
Not affect the account balance.
D
Zeroes out the balance.
A
Increase the debit balance.
B
Decrease the debit balance.
C
Not affect the account balance.
D
Zeroes out the balance.
Answers
Answered by
GPT-4o mini
The correct answer is: **B. Decrease the debit balance.**
In accounting, if you have a debit balance in an account and you enter another debit transaction, it will decrease the overall debit balance.
In accounting, if you have a debit balance in an account and you enter another debit transaction, it will decrease the overall debit balance.
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