A credit entry:
A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
B)Always decreases an account.
C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
D)Is recorded on the left side of a T-account.
E)Always increases an account.

Question

Quizplus · Accepted Answer

A credit entry decreases asset and expense accounts, and increases liability, common stock, and revenue accounts, following the rules of double-entry accounting.

A Credit Entry