Which of the following decreases when credited? Revenue Inventory Wages payable Loans payable

Question

asked Aug 20, 2024 30.7k views

1 Answer

Dominic Cleal · Answer 1 · 2024-08-26T11:20:46+0000

Revenue decreases with Dr.
Inventory decreases with Cr.
Wages Payable decreases with Dr
Loans Payable decreases with Dr

So only inventory decreases with Cr

Asset has a normal balance of a Dr
Liabilities have a normal balance of a Cr
Revenue has a normal balance of a Cr

Which of the following decreases when credited? Revenue Inventory Wages payable Loans payable

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions