A credit may signify a
A) decrease in assets
B) decrease in liabilities
C) decrease in capital
D) decrease in revenue

Name: A credit may signify a A) decrease in assets B) decrease in liabilities C) decrease in capital D) decrease in revenue
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Question

Quizplus · Accepted Answer

A credit entry in accounting typically signifies a decrease in assets, as it represents an outflow or reduction of resources owned by the company.

A Credit May Signify a