A credit may result in
A) an increase in an asset account.
B) a decrease in the Capital account.
C) an increase in a liability account.
D) a decrease in a liability account.
E) none of these.

Question

Quizplus · Accepted Answer

A credit increases a liability account, as it means an increase in what is owed to others. An increase in an asset account would be a debit, and a decrease in either the Capital or liability account would depend on the specific transaction.

A Credit May Result in