Question

Which of the following statements is true of​ expenses? A. Expenses increase​ equity, so an expense​ account's normal balance is a debit balance. B. Expenses decrease​ equity, so an expense​ account's normal balance is a credit balance. C. Expenses increase​ equity, so an expense​ account's normal balance is a credit balance. D. Expenses decrease​ equity, so an expense​ account's normal balance is a debit balance.

Answer 1

Answer:

D. Expenses decrease​ equity, so an expense​ account's normal balance is a debit balance.

Explanation:

As we know that

The assets and the expenses account has a normal debit balance whereas the liabilities, revenues, and the stockholder equity has a normal credit balance

Plus the expenses decreases the equity as the expenses are reflect in the retained earning statement which is also a part of the stockholder equity statement whereas the revenues increases the equity.

Answer 2

According to the sentences, the statements that is true of​ expenses include option D: Expenses decrease​ equity, so an expense​ account's normal balance is a debit balance.

What is asset and expense about?

The assets and the expenses account has a normal debit balance whereas the liabilities, revenues, and the stockholder equity has a normal credit balance.

The expenses decreases the equity as the expenses are reflect in the retained earning statement which is also a part of the stockholder equity statement whereas the revenues increases the equity.

Therefore, correct option is D.

Learn more about equity, refer to the link:

https://brainly.com/question/25947032