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5. Which of the following statements is true about credits? a) Credits show an increase in what a company owns or a decrease in what it owes. b) A credit to an asset account shows a decrease. c) A credit
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5. Which of the following statements is true about credits?

a) Credits show an increase in what a company owns or a decrease in what it owes.
b) A credit to an asset account shows a decrease.
c) A credit to a liability account shows an increase.
d) Credits show a decrease in what a company owns or an increase in what it owes.

User UserInThisWorld
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Answer:

c) A credit to a liability account shows an increase.
User ILikeBreakfast
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