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In a journal entry, which account is debited when recording an expense?
Practice Questions
Q1
In a journal entry, which account is debited when recording an expense?
Asset account
Liability account
Equity account
Expense account
Questions & Step-by-Step Solutions
In a journal entry, which account is debited when recording an expense?
Steps
Concepts
Step 1: Understand that an expense is something you spend money on.
Step 2: Know that in accounting, we use accounts to track money.
Step 3: Identify the specific expense you are recording (e.g., rent, utilities).
Step 4: In your journal entry, you will write down the amount of the expense.
Step 5: To record this expense, you will 'debit' the expense account associated with it.
Step 6: Remember, debiting an expense account increases the total expenses.
No concepts available.
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