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Author Question: When the bank takes money out of a company's account, why does the bank say that they have debited ... (Read 63 times)

lak

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on: Feb 18, 2020
When the bank takes money out of a company's account, why does the bank say that they have debited that account?
◦ The bank has increased the company's assets and assets increase with debits.
◦ The bank has decreased the company's assets and assets decrease with debits.
◦ The bank has increased its' liability to the company and liabilities increase with debits.
◦ The bank has decreased its' liability to the company and liabilities decrease with debits.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by lak on Feb 18, 2020

beccamahon

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lak

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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