A credit entry
A)Increases asset and expense accounts, or decreases liability, equity, and revenue accounts.
B)Decreases asset and expense accounts, or increases liability, equity, and revenue accounts.
C)Increases the withdrawals account.
D)Is recorded on the left side of a T-account.
E)Decreases asset, expense and revenue accounts.

Question

Quizplus · Accepted Answer

A credit entry decreases asset and expense accounts, or increases liability, equity, and revenue accounts.

A Credit Entry