ChristalSui ChristalSui

22-12-2020
Social Studies

contestada

Question 12
Which TWO of the following would lead to a credit in a ledger account?
I An increase in a liability
II A decrease in income
III A decrease in an asset
IV An increase in an expenses
A.
I and II
B
II and III
C.
I and III
D.
II and IV

Respuesta :

jayilych4real jayilych4real

27-12-2020

Answer:

D. II and IV

Explanation:

A credit balance in a ledger balance is when there is an increase in a liability and expenses.

Therefore, for the ledger to be balanced, both the credits and debts/expenses must be at par with each other.

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