216k views
3 votes
Which of the following is not considered a debit

A. Interest earning
B. Check cashed
C. Online bill payment
D. Atm withdrawal

2 Answers

5 votes

the correct answer is A- interest earned.

User Sourcx
by
6.4k points
5 votes

The answer is "A. Interest earning".


A debit is an accounting entry that outcomes in either an expansion in resources or a decline in liabilities on an organization's accounting report. In basic accounting, debits are adjusted by credits, which work the correct inverse way. For example, if a firm applies for a new line of credit to buy gear, it would debit settled resources and credit a liabilities account, contingent upon the idea of the loan.


User Xtofl
by
6.8k points