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3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is: a. Increased b. Decreased c. Can be incre…

3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is: a. Increased b. Decreased c. Can be incre…
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3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is:

a. Increased
b. Decreased
c. Can be increased or decreased
d. None of the above

User Ygalbel
by
8.4k points

1 Answer

5 votes
I think the answer is C. Can be increased or decreased
User Egl
by
8.5k points
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