Which of the following changes in account would be classified as a Debit? Select

Q: Which of the following changes in account would be classified as a Debit? Select

Right answer is option 'c. Increase in Rent expense' Reason - Rent is an expense account which falls under the category of Nominal Account. The golden rule of Nominal account states that Debit all expenses and losses, Credit all Income and gains. Here, increase in Rent expense implies more debit to Rent expense account.

ID: 2542925 • Letter: W

Question

Which of the following changes in account would be classified as a Debit? Select one: a. Increase in Rent Revenue b. Increase in Unearned Rent Revenue c. Increase in Rent Expense d. Increase in Rent Payable Which of the following changes in account would be classified as a Debit? Select one: a. Increase in Rent Revenue b. Increase in Unearned Rent Revenue c. Increase in Rent Expense d. Increase in Rent Payable Which of the following changes in account would be classified as a Debit? Select one: a. Increase in Rent Revenue b. Increase in Unearned Rent Revenue c. Increase in Rent Expense d. Increase in Rent Payable

Explanation / Answer

Right answer is option 'c. Increase in Rent expense'

Reason - Rent is an expense account which falls under the category of Nominal Account. The golden rule of Nominal account states that Debit all expenses and losses, Credit all Income and gains. Here, increase in Rent expense implies more debit to Rent expense account.

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Which of the following changes in account would be classified as a Debit? Select

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Explanation / Answer

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