Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bravata bravata
wrote...
Go to Answer
Posts: 1417
Rep: 1 0
7 years ago
When the bank takes money out of a company's account, why does the bank say that they have debited that account?
A) The bank has increased the company's assets and assets increase with debits.
B) The bank has decreased its' liability to the company and liabilities decrease with debits.
C) The bank has decreased the company's assets and assets decrease with debits.
D) The bank has increased its' liability to the company and liabilities increase with debits.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 102 times
2 Replies
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bravata Author
wrote...
#2
6 years ago
Let me just say, you are awesome Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1262 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 261
  
 4429
  
 180
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Who will win the 2024 president election?