Question: Which statement is correct regarding credit entries in double - entry accounting? Credit entries decrease revenue in the income statement and increase liabilities in the

Which statement is correct regarding credit entries in double-entry accounting? Credit

Which statement is correct regarding credit entries in double-entry accounting?
Credit entries decrease revenue in the income statement and increase liabilities in the balance sheet.
Credit entries increase revenue in the income statement and increase liabilities in the balance sheet.
Credit entries increase revenue in the income statement and decrease liabilities in the balance sheet.
Credit entries decrease revenue in the income statement and decrease liabilities in the balance sheet.
entries decrease revenue in the income statement and increase liabilities in the

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