Multiple Choice
As used in accounting, a credit is an entry that
A) is recorded in a liability account.
B) causes a liability account to decrease.
C) arises because a company bought something with a credit card.
D) is made on the right-hand side of a T-account.
E) requires the initiation of a source document for a customer.
Correct Answer:
Verified
Correct Answer:
Verified
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