QUESTION IMAGE
Question
when credited, which of the following will increase?
assets
expenses
liabilities
Brief Explanations
In accounting (a sub - field of Business), the normal balance of assets and expenses is a debit. When an account with a debit normal balance is credited, it decreases. Liabilities have a normal credit balance, so when liabilities are credited, their balance increases. Assets increase with debits and decrease with credits, and expenses increase with debits and decrease with credits.
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C. liabilities