a debit will decrease which of the following? expenses shareholders equity assets

Answer:

None of the above. In accounting, a debit increases expenses and assets, and decreases liabilities, revenues, and shareholder's equity. But among the given options, a debit does not decrease expenses or assets, and it decreases shareholder's equity which is not the correct - choice as per the way the question is framed (it should be looking for an account that is decreased by a debit among the common types where a debit has a decreasing effect). If we assume we have to pick from the given options, the closest is shareholder's equity. So the answer is shareholder's equity.

Brief Explanations:

In accounting, debits and credits follow specific rules. Debits increase asset and expense accounts and decrease liability, revenue, and equity accounts. Shareholder's equity is an equity - type account, so a debit will decrease it. Expenses and assets are increased by debits.