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Asked: 2022-04-13T08:49:45+00:00 In:

Which of the following groups of accounts increase with a credit? liabilities, common stock, revenues common…

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Which of the following groups of accounts increase with a credit?
1. Liabilities, common stock, revenues
2. Common stock, revenues, expenses
3. Assets, common stock, revenues
4. None of these choices are correct. 
♦ Relevant knowledge

The terms credit and debit are used in accounting in a double entry bookkeeping system. The transactions are debited and credits in the book according to the guidelines of credit and debit of accounting.

creditliabilitiesstock
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