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QuizMultiple Choice

Keeping Financial Records

Question 1 • Skelton - GSN - Financial Math - MA2007

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

Answer
A
balance
B
credit
C
debit
D
savings

Explanation

An expense is recorded as a debit in a financial ledger. Debits increase expense accounts, so the correct choice is “debit.”

AI-written and checked against the verified answer.

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