Question

Question 13 (5 points) which statement about the rules of debit and credit is true? question 13 options: if cash is decreased with a debit, the normal balance is a debit. if accounts receivable is decreased with a credit, the normal balance is a credit. if accounts payable is increased with a credit, the normal balance is a credit. if capital is increased with a debit, the normal balance is a debit.

Answer 1

The true statement about the rules of debit and credit is that if accounts payable is increased with a credit, the normal balance is a credit.

Step-by-step explanation:

The statement that is true about the rules of debit and credit is: if accounts payable is increased with a credit, the normal balance is a credit.

When a business takes on accounts payable, it means they owe money to their suppliers or creditors. Increasing accounts payable represents an increase in the amount owed, and this is done with a credit entry. So, the normal balance for accounts payable is a credit.

Answer 2

The statement that is true about the rules of debit and credit is:

if cash is decreased with a debit, the normal balance is a debit.

Debit: In accounting, a debit (Dr.) entry increases asset accounts, expense accounts, and loss accounts. It decreases liability accounts, equity accounts, and revenue accounts.

Normal balance: The normal balance of an account is the side where the majority of entries are posted. For asset accounts like cash, the normal balance is a debit

Decreased with a debit: This statement aligns perfectly with the rules. When cash decreases, you debit the account, and this happens because the majority of entries for cash accounts are debits (since cash is an asset).

Therefore, only the first statement about cash accurately reflects the rules of debit and credit.