Question: Bookmark question for later An entry to the left side of an account is always called a(n): Credit Debit Decrease Increase Bookmark question for later

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An entry to the left side of an account is always called a(n):

  • Credit
  • Debit
  • Decrease
  • Increase
  1. Bookmark question for later

Liability accounts are increased:

  • By credits
  • By debits
  • Below the balance line
  • On the left side
  1. Bookmark question for later

Owners' equity accounts are decreased with:

  • Credit entries
  • Liabilities
  • Assets
  • Debit entries
  1. Bookmark question for later

Revenue accounts are:

  • Assets
  • Increased with credit entries
  • Subtracted from capital stock
  • Increased with debit entries

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