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Question 12

Which TWO of the following would lead to a credit in a ledger account?
I An increase in a liability
II A decrease in income
III A decrease in an asset
IV An increase in an expenses
A.
I and II
B
II and III
C.
I and III
D.
II and IV​

User BooTooMany
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1 Answer

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Answer:

D. II and IV

Step-by-step explanation:

A credit balance in a ledger balance is when there is an increase in a liability and expenses.

Therefore, for the ledger to be balanced, both the credits and debts/expenses must be at par with each other.

User Adnan Toky
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