contestada

In accordance with the debit and credit rules, which of the following is true? Debits increase both assets and common stock. Credits increase both assets and liabilities. Credits increase assets. Debits increase assets.

Respuesta :

Answer:

Debit increases both asset and common stocks. Debit increases asset.

Explanation:

Asset and stock both have a debit balance. Hence, when a new asset or stock is added, you debit the entries to indicate the new addition.