menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Cornerstones of Financial Accounting Study Set 3
  4. Exam
    Exam 2: The Accounting Information System
  5. Question
    Credit Entries Are Used to
Solved

Credit Entries Are Used to

Question 146

Question 146

Multiple Choice

Credit entries are used to


A) increase asset accounts.
B) increase liability accounts.
C) increase expense accounts.
D) increase dividends.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q141: Payment is made for machinery purchases previously

Q142: Which of the following accounts is increased

Q143: The process of transferring amounts from the

Q144: A novelties company makes cash sales to

Q145: The system of accounting in which there

Q147: An accounting transaction may impact only one

Q148: Hesson Properties, Inc.The following transactions occurred during

Q149: The principle of conservatism is concerned with<br>A)the

Q150: A credit means<br>A)the event had a favorable

Q151: When preparing the financial statements, the accountant

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines