A business uses a credit to record:
A)An increase in an expense account.
B)A decrease in an asset account.
C)A decrease in an unearned revenue account.
D)A decrease in a revenue account.
E)A decrease in a common stock account.

Question

Quizplus · Accepted Answer

A credit would decrease an asset account, such as accounts receivable or cash, as it indicates a decrease in the amount that the business is owed or has on hand.

A Business Uses a Credit to Record