Question

Credits Group of answer choices decrease both assets and liabilities. decrease assets and increase liabilities. increase both assets and liabilities. increase assets and decrease liabilities.

Answer 1

Answer:

decrease assets and increase liabilities

Explanation:

Credits is commonly known to cause an increase in liability, equity, and revenue accounts and also lead to a decrease of/in asset and expense accounts. It is the right side of an account. Credits decrease assets and increase liabilities is a true statement of account.