Credit increases of decreases the account balance
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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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Solution Summary
The solution explains for which accounts, a credit increases or decreases the account balance.
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Credit increases equity and liability and decreases assets
0. Cash Decreases - Asset - ...
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