Credits are used to record:
A)decreases in liabilities and increases in assets and owner's equity.
B)decreases in assets and owner's equity and increases in liabilities.
C)increases in liabilities and revenues.
D)increases in assets, liabilities, and owner's equity.

Question

Quizplus · Accepted Answer

Credits are used to record increases in liabilities and revenues, as well as decreases in assets and owner's equity.

Credits Are Used to Record