in double - entry accounting, where should you record money that is leaving your company to pay bills? a. in…

in double - entry accounting, where should you record money that is leaving your company to pay bills? a. in the debits column b. in the credits column c. in the asset column d. in the cash flow column please select the best answer from the choices provided

in double - entry accounting, where should you record money that is leaving your company to pay bills? a. in the debits column b. in the credits column c. in the asset column d. in the cash flow column please select the best answer from the choices provided

Answer

Answer:

A. In the debits column

Brief Explanations:

In double - entry accounting, when money leaves to pay bills (an expense), it is recorded as a debit. Debits increase expense accounts, and paying bills is an expense transaction.