Question

Organizational expense is increased by a credit or debit?

Organizational expense is increased by a credit or debit?

Homework Answers

Answer #1

Solution:

Debit & Credit Balance: Debit balance is represent to expenses of the organization and assets of the organization. Credit balance represents to revenue of any organisation, Liabilities and shareholder’s Equity.

For Revenue or Income Statement: If there is debit balance than it means there is expenses is increased and when there is credit balance than it means revenue is increased.

As per above explanations,

Answer =

Organization expenses is increased by a Debit.

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