A credit to an account balance always results in the balance decreasing.

Name: A credit to an account balance always results in the balance decreasing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A credit to an account balance can either increase or decrease the balance depending on the account type and the nature of the transaction. For example, a credit to a liability account would increase the balance, while a credit to an expense account would decrease the balance.

A Credit to an Account Balance Always Results in the Balance