Which of the following groups of accounts increases with a credit?
A) capital, revenues, expenses
B) assets, capital, revenues
C) liabilities, capital, revenues
D) None of these choices

Question

Quizplus · Accepted Answer

Liabilities increase with a credit, while capital and revenues increase with a debit. Expenses and assets decrease with a credit. Therefore, option C is the only one where at least one account (liabilities) increases with a credit.

Which of the Following Groups of Accounts Increases with a Credit