Question

To increase a liability, you will record it as

A. a credit

B. current

C. noncurrent

D. debit

Answer 1

If you ask a banker whether debiting or crediting a liability increases the account’s balance, the financier will tell you it depends on the transaction. The same answer holds true for accounting procedures, even though banking debits and credits are distinct from accounting practices. To understand the effects of journal entries on financial accounts, it’s important to master such terms as liability, record keeping and financial reporting.

If you want to learn more i got my answers from bizfluent.

Answer 2

The answer is A.) a credit

Explanation:

I hope this helps!