Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 41 - No. 8)
What is the impact of a credit entry in an account?
Increases assets or increases liabilities.
Increases assets or decreases liabilities.
Decreases assets or increases liabilities or equity.
Decreases liabilities or increases assets.
Explanation
Credits increase liability, owner's equity, or revenue or decreases assets, or expenses.
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