Question

a credit entry a. is always an increase in an account. b. is always a decrease in an account. c. is recorded on the left side of a T-account. d. increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts. e. decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.

Answer 1

Answer:

e. decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.

Explanation:

credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.