Which of the following about debits and credits is false? Question 4 options: Cr

Question

Which of the following about debits and credits is false? Question 4 options: Credits increase revenues, gains and bonds payable. Debits increase salaries expense and prepaid expenses (prepayment assets). Credits increase dividends payable, but debits increase dividends declared. Debits increase assets. Credits increase liabilities, expenses and losses. Which of the following about debits and credits is false? Which of the following about debits and credits is false? Credits increase revenues, gains and bonds payable. Debits increase salaries expense and prepaid expenses (prepayment assets). Credits increase dividends payable, but debits increase dividends declared. Debits increase assets. Credits increase liabilities, expenses and losses. Credits increase revenues, gains and bonds payable. Debits increase salaries expense and prepaid expenses (prepayment assets). Credits increase dividends payable, but debits increase dividends declared. Debits increase assets. Credits increase liabilities, expenses and losses. Credits increase revenues, gains and bonds payable. Debits increase salaries expense and prepaid expenses (prepayment assets). Credits increase dividends payable, but debits increase dividends declared. Debits increase assets. Credits increase liabilities, expenses and losses.

Explanation / Answer

Credits increase liabilities, expenses and losses.

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