Questions: Which of the following groups of accounts increase with a credit? a. assets, common stock, revenues b. common stock, revenues, expenses c. liabilities, common stock, revenues d. none of these choices

Which of the following groups of accounts increase with a credit?
a. assets, common stock, revenues
b. common stock, revenues, expenses
c. liabilities, common stock, revenues
d. none of these choices
Transcript text: Which of the following groups of accounts increase with a credit? a. assets, common stock, revenues b. common stock, revenues, expenses c. liabilities, common stock, revenues d. none of these choices
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Solution

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The answer is the third one (C): liabilities, common stock, revenues.

Explanation for each option:

a. Assets, common stock, revenues: This option is incorrect because assets increase with a debit, not a credit. Common stock and revenues do increase with a credit.

b. Common stock, revenues, expenses: This option is incorrect because expenses increase with a debit, not a credit. Common stock and revenues do increase with a credit.

c. Liabilities, common stock, revenues: This option is correct because all three—liabilities, common stock, and revenues—increase with a credit.

d. None of these choices: This option is incorrect because option C is a correct grouping of accounts that increase with a credit.

In summary, the correct group of accounts that increase with a credit is liabilities, common stock, and revenues.

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