Which of the following group of accounts increase with a credit?
A) Capital, revenues, expenses
B) Assets, capital, revenues
C) Liabilities, capital, revenues
D) None of these

Question

Quizplus · Accepted Answer

Liabilities increase with a credit, while both capital and revenues increase with a debit. Expenses always increase with a debit. Therefore, the only option where one of the accounts increases with a credit is C.

Which of the Following Group of Accounts Increase with a Credit