Credit increases or decreases the account balance


Problem: Below is a list of accounts. For each account, indicate whether a credit increases or decreases the account balance.

Account CREDIT Increases or Decreases?

0. Cash Decreases

1. Accounts Receivable

2. Capital Stock

3. Equipment

4. Inventory

5. Accounts Payable

6. Building

7. Notes Payable

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Accounting Basics: Credit increases or decreases the account balance
Reference No:- TGS01933324

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