fill in the blank question\nthe recording or entry of debt in an account is known as a(n) blank. (enter one…

fill in the blank question\nthe recording or entry of debt in an account is known as a(n) blank. (enter one word in the blank.)\nneed help? review these concept resources.
Answer
Brief Explanations:
In accounting, the recording of debt in an account is called a debit. A debit entry is used to record an increase in an asset or expense account, or a decrease in a liability, equity, or revenue account. Here, recording debt (which is related to liability - a decrease in liability is recorded as a debit in accounting) is referred to as a debit.
Answer:
debit