An increase to __________ is entered as a debit on a T account.

Question

liabilities

drawing accounts

revenue

owner's capital

Answer 1

An increase to drawing accounts is entered as a debit on a T account.

In accounting, drawing accounts (or owner's withdrawals) represent the amount taken out by the owner from the business, and such transactions are recorded as debits.

• Liabilities increase with credits, not debits.
• Revenue increases with credits, not debits.
• Owner's capital increases with credits, not debits.