Question

Expense accounts are increased by credits.
a) True
b) False

Answer 1

Expense accounts are increased by credits.

Step-by-step explanation:

Expense accounts are increased by credits. This means that when a transaction is recorded in an expense account, it is recorded on the credit side. For example, if a company incurs an expense of $100, the expense account would be credited with $100. This increases the balance of the expense account.