radomes.openskiesproject.org
Berver15 Berver15
  • 16-07-2015
  • Mathematics
Answered

An expense is entered as a _____ in a financial ledger.

Abalance
Bcredit
Cdebit
Dsavings

Verified Answer :

macymartin99 macymartin99
  • 12-09-2017

the answer is debit.

Answer Link
RenatoMattice RenatoMattice
  • 15-04-2019

Answer: Option 'C' is correct.

Step-by-step explanation:

An expense is entered as a debit in a financial ledger.

Nominal accounts contain expenses and incomes only.

As we know the rule of "Nominal Account" which states that " Debit all expenses and credit all gains."

So, Any type of expenses will be written in the debit side only in the financial ledger.

Hence, Option 'C' is correct.

Answer Link

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