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A credit entry

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Reference no: EM13868263

A credit entry:

Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts.

Is always a decrease in an account?

Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts.

Is recorded on the left side of a T-account.

Is always an increase in an account.

Reference no: EM13868263

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