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3 years ago

Credits increase revenues, whereas debits increase:.

Business

1 answer:

den301095 [7]3 years ago

6 0

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 increase assets and expenses or decrease liabilities or equity, while credits increase revenues and equity or decrease 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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