Question

The credit side of journal entry is to record the following EXCEPT

A.
B.
C.
D.
increase in revenues.
increase in liabilities.
decrease in assets.
increase in expenses.​

Answer 1

The credit side of journal entry is to record the following EXCEPT

ANSWER

D. increase in expenses.

EXPLANATION

Increases in liabilities, rises in revenues, and declines in assets are all recorded on the credit side of a journal entry.

The debit side of a journal entry is normally where expenses are entered to represent a decrease in assets or an increase in liabilities.