In accounting, a debit entry usually represents

(A) Assets and Expenses
(B) Assets and Income
(C) Liabilities and Income
(D) Liabilities and Expenses

The answer is: (A) Assets and Expenses
In accounting, a debit entry usually represents assets and expenses.

An asset posses which of the following?

(A) Future economic benefits for the business
(B) All kind of benefits for the business
(C) Expenses for the business
(D) Merits and Demerits for the business

The answer is: (A) Future economic benefits for the business