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.

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Business

Crystal Gillespie

14 August, 15:16

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.

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Beanpole · Answer 1

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.