A credit entryincreases asset and expense accounts and, Ask an Expert

Accounting

A credit entry:

Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts.

Is always a decrease in an account?

Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts.

Is recorded on the left side of a T-account.

Is always an increase in an account.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91528940

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