Asked by
Maddy Amerman
on Oct 16, 2024
Verified
Credits always increase account balances.
Credits
Accounting entries that increase liabilities or equity or decrease assets or expenses.
Account Balances
The amounts in financial accounts, representing the net value at a particular point in time after accounting for all debits and credits.
- Comprehend the fundamentals of debits and credits and how they influence account balances.
Verified Answer
JG
Learning Objectives
- Comprehend the fundamentals of debits and credits and how they influence account balances.