Question

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

a. balance
b. credit
c. debit
d. savings

Answer 1

the answer is debit.

Answer 2

Answer: Option 'C' is correct.

Explanation:

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

Nominal accounts contain expenses and incomes only.

As we know the rule of "Nominal Account" which states that " Debit all expenses and credit all gains."

So, Any type of expenses will be written in the debit side only in the financial ledger.

Hence, Option 'C' is correct.