An important rule of debits and credits is:
A)credits increase a revenue account.
B)debits decrease an asset account
C)revenues are increased by a debit.
D)expenses are increased by a credit.

Name: An important rule of debits and credits is: A)credits increase a revenue account. B)debits decrease an asset account C)revenues are increased by a debit. D)expenses are increased by a credit.
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Question

Quizplus · Accepted Answer

Credits increase a revenue account, as revenues are recorded on the credit side in accounting.

An Important Rule of Debits and Credits Is