Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 1)
What is the role of the credit column in a ledger?
To record increases in assets
To record decreases in liabilities
To record decreases in revenues
To record increases in expenses
Explanation
The credit column records a decrease in an asset, increase in liabilities, or increase in equity.
Comments (0)
