Question

When the balance of an asset account, like Checking, increases, it means that the account has been:

A) Credited

B) Debited

C) Reconciled

D) None of the choices are correct

Group of answer choices

B

C

D

A

Answer 1

When the balance of an asset account, like Checking, increases, it means that the account has been DEBITED

Checking account means a current account at a bank and it is maintain by both customer as well as bank.For bank checking is a kind of liability and for customer it is an asset.Thats the reason - If your bank credits your account your checking account balance increases because liability is decreasing.But in customer book it will debit as their assets are increasing.

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