Question

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​

Answer 1

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.