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.

Question

Drake Stevens

Business

26 July, 16:20

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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Alina Stephens · 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.