Which of the following transactions would involve a debit to an asset account?
Understand the Problem
The question is asking which of the listed transactions would result in a debit to an asset account in accounting, requiring knowledge of basic accounting principles.
Answer
Collection of an accounts receivable.
The final answer is collection of an accounts receivable.
Answer for screen readers
The final answer is collection of an accounts receivable.
More Information
When accounts receivable are collected, cash (an asset) increases, leading to a debit in the cash account. This transaction reflects the move from non-cash assets to cash assets.
Tips
A common mistake is confusing debits and credits with increases and decreases in account balances without considering the account type.
Sources
- Brainly - AI Generated Answer - brainly.com
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