Which account is increased by a credit?
A)Accounts Receivable
B)Service Revenue
C)Interest Expense
D)Supplies

Name: Which account is increased by a credit? A)Accounts Receivable B)Service Revenue C)Interest Expense D)Supplies
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Question

Quizplus · Accepted Answer

Recognizing revenue earned for cash or on account increases both assets and stockholders' equity.The increase in assets (cash or accounts receivable)is recorded with a debit,and the increase in stockholders' equity (service revenue)is recorded with a credit.

Which Account Is Increased by a Credit