Which of the following accounts is increased with a credit? Multiple Choice O Accounts receivable Prepaid...

Question

Question

Which of the following accounts is increased with a credit? Multiple Choice O Accounts receivable Prepaid rent 0 Common stock

Answer 1

Answer #1

Asset and expenses accounts will decrease with a credit, whereas liabilities and revenus will increase with credit

Accounts receivable - Will decrease with a credit

Prepaid rent - Will decrease with a credit

Common stock - Will increase with a credit

Dividends - will decrease with a credit

Hence answer is Common stock

Answer 2

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