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