Question

Which of the following groups of accounts increase with a credit?
a. assets, owner's capital, revenues
b. owner's capital, revenues, expenses
Oc. liabilities, owner's capital, revenues
Od. none of these choices

Answer 1

Final answer:

Credits increase liabilities and owner's capital.

Explanation:

Credits increase liability or net assets accounts and decrease asset or expense accounts.

Therefore, in the given options, the group of accounts that increase with a credit includes liabilities, owner's capital, and revenues (option c).

For example, when a company borrows money (increasing liability), the cash increases, reflecting the credit entry.

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