Answered: A credit entry to an account willa.…

Business

Accounting

A credit entry to an account willa. increase assets.b. increase liabilities.c. increase expenses.d. decrease revenues.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 26MC: What is the impact on the accounting equation when an accounts receivable is collected? A. both...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

A credit entry to an account will
a. increase assets.
b. increase liabilities.
c. increase expenses.
d. decrease revenues.

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