Increases are entered on the credit side of a(n)
A) asset account.
B) liability account.
C) expense account.
D) drawing account.

Name: Increases are entered on the credit side of a(n) A) asset account. B) liability account. C) expense account. D) drawing account.
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Question

Quizplus · Accepted Answer

Increases in liability accounts are recorded on the credit side. This is because liabilities follow the same rules as equity and revenue accounts, where increases are credited and decreases are debited.

Increases Are Entered on the Credit Side of A(n)