In a journal entry, which account is debited when recording an expense?

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Question: In a journal entry, which account is debited when recording an expense?

Options:

Correct Answer: Expense account

Solution:

When recording an expense, the expense account is debited.

In a journal entry, which account is debited when recording an expense?

In a journal entry, which account is debited when recording an expense?

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.

Expense Recognition – Expenses are recorded in accounting to reflect the costs incurred by a business during a specific period.
Debits and Credits – In double-entry accounting, debiting an expense account increases its balance, reflecting the cost incurred.