Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 3 - The Accounting Information System - Questions: 8

Answer

No, Marie is not correct.

Work Step by Step

The debit/credit of an account is only to tell the side of account, where the transaction will appear. The term debit indicates the left side of an account, and credit indicates the right side. They are commonly abbreviated as Dr. for debit and Cr. for credit. It has nothing like favorable/unfavorable.
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