Asked by
Emily Prichard
on Nov 12, 2024
Verified
Debiting the cash account will increase the account.
Cash Account
An account that records all transactions involving cash receipts and cash payments.
Debit
A record in accounting that causes assets to grow or liabilities to shrink on a firm's balance sheet.
- Master the fundamentals of debits and credits and their significance in account balances.
Verified Answer
MM
Learning Objectives
- Master the fundamentals of debits and credits and their significance in account balances.