A Credit Entry

question 214

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts,and decreases liability,common stock,and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts,and increases liability,common stock,and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

---

Definitions:

Substitutes

Goods or services that can be used in place of each other, with the capability of satisfying similar consumer needs or desires.

Coors

A well-known brewing company based in Golden, Colorado that produces a wide range of beers.

Budweiser

A popular American beer brand known for its lager.

Abductor Hallucis

A muscle in the foot that helps in the movement of the big toe away from the other toes.