A credit entry:
A) Is recorded on the left side of a T-account.
B) Is always a decrease in an account.
C) Increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts.
D) Is always an increase in an account.
E) Decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.

Question

Quizplus · Accepted Answer

A credit entry decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.

A Credit Entry