Credit entries are used to
A)increase asset accounts.
B)increase liability accounts.
C)decrease revenue accounts.
D)decrease liability accounts.

Name: Credit entries are used to A)increase asset accounts. B)increase liability accounts. C)decrease revenue accounts. D)decrease liability accounts.
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Question

Quizplus · Accepted Answer

Credit entries are used to increase liability accounts, as per the rules of double-entry bookkeeping. Credits increase liabilities, equity, and revenue accounts and decrease asset and expense accounts.

Credit Entries Are Used to