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Credits are used to record:___________
a) decreases to assets and increases to expenses, liabilities, revenues, and stockholders' equity.
b) decreases to assets and expenses and increases to liabilities, revenues, and stockholders' equity.
c) increases to assets, and decreases to expenses, liabilities, and stockholders' equity.
d) increases to assets and expenses and decreases to revenues, liabilities, and stockholders' equity.
e) decreases to assets and stockholders' equity and increases to liabilities, expenses and revenues.

Respuesta :

Answer:

The correct answer is letter "B": decreases to assets and expenses and increases to liabilities, revenues, and stockholders' equity.

Explanation:

When it comes to accounting book-keeping, a credit is an entry that increases liabilities (amounts owed to third parties) and equities (assets minus liabilities) in their corresponding accounts or decreases assets (resources owned by the company) and expenses (costs of the business operations) accounts.

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