Question

A credit entry will: O a. decrease an asset, decrease a liability, and increase equity. 4 O b. increase an asset, decrease a liability, and decrease equity. O c. decrease an asset, decrease a liability, and decrease equity. O d. decrease an expense, increase income, and increase equity.​

Answer 1

Option A is the correct answer. Explanation: A credit entry is useful for increasing the value of liabilities, decreasing the value of an asset, and decreasing the equity.

Step-by-step explanation: