Assets, revenues, and dividends are all increased with debits. A.True B.False

Question

Question

Assets, revenues, and dividends are all increased with debits.

A.True

B.False

business accounting

Answer 1

Answer #1

The statement is False.

Rule is

Debit all assets and Credit all liabilities,

Debit all expenses and credit all revenues

Debit what comes in and Credit what goes out

So, Assets and Dividends are increased by Debit

Revenues are increased with credits

Answer 2

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​Assets, revenues, and dividends are all increased with debits. A.True B.False