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

Question

Quizplus · Accepted Answer

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

A Credit Entry