A credit to an asset account indicates
A) an error.
B) that the normal balance of the account is a credit.
C) a decrease in the asset.
D) an increase in the asset.
Correct Answer:
Verified
Q51: Credits
A) decrease both assets and liabilities.
B) decrease
Q57: When the owner withdraws cash for personal
Q58: Services performed on account requires a debit
Q58: The right side of an account
A) is
Q59: The normal balance of any account is
Q59: A service performed on account increases both
Q60: Receipt of a payment on account requires
Q63: Which account listed below is increased with
Q64: The right side of an account is
A)
Q67: A credit to a liability account indicates
A)
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