What is the effect of a debit to an expense account

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Reference no: EM131527302

Question: 1. When you registered for this class and paid your tuition, you interacted with the college's information systems. (a) Are the registration and tuition payment systems business information systems? (b) Which system is part of the college's accounting system?

2. Do the terms debit and credit signify increase or decrease, or can they signify either? Explain.

3. What is the effect (increase or decrease) of a debit to an expense account (a) in terms of stockholders' equity and (b) in terms of expense?

Reference no: EM131527302

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