A credit to an asset account indicates a(n)
A) error.
B) credit was made to a liability account.
C) decrease in the asset.
D) increase in the asset.

Name: A credit to an asset account indicates a(n) A) error. B) credit was made to a liability account. C) decrease in the asset. D) increase in the asset.
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Question

Quizplus · Accepted Answer

A credit to an asset account typically indicates a decrease in the asset, as assets normally have debit balances.

A Credit to an Asset Account Indicates A(n)