As credits increase revenues, so debits increase expenses.
<h3>What are debits and credits?</h3>
Debits and credits are accounting terms used in recording financial transactions in the accounting system. Debits are used to <u>increase</u> assets and expenses or <u>decrease</u> liabilities or equity, while credits <u>increase</u> revenues and equity or <u>decrease</u> assets and expenses.
Thus, whereas credits increase revenues, debits increase expenses.
Learn more about credits and debits at brainly.com/question/2707498
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Answer:
4. intangible assets.
Explanation:
Total assets are classified into current assets, fixed assets, and intangible assets.
Current assets comprise cash, stock, receivable account, etc.
Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.
And, the intangible assets are patents, copyrights, goodwill, and other intellectual properties plus they are not seen or even touched.
Whereas the fixed assets or other related synonymous are tangible in nature
What are the options but I would assume it depends on how young they are