Multiple Choice
Increases are entered on the credit side of a(n)
A) asset account.
B) liability account.
C) expense account.
D) drawing account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q83: A purchase of an asset on account<br>A)
Q84: Match the terms with the definitions.<br>
Q85: Revenues decrease owner's equity.
Q86: A credit<br>A) increases assets.<br>B) is on the
Q87: Prepaid Insurance is an asset account.
Q89: The _ balance is on the side
Q90: Liability accounts normally have debit balances.
Q91: Record the following transactions in the
Q92: Footings in T accounts<br>A) appear after each
Q93: Mandy withdraws $600 from her business.This transaction