Credit may signify _________________.A)Decrease in assetsB)Increase in liabilityC)Increase in capital accountD)All of these

The left side of asset accounts is used for recording increases and the right side is used for recording decreases. It is explained that the right side of liability and capital accounts is used to record increases; it  naturally follows that he left side of such accounts is used to record decreases. The left side of all accounts, whether asset, liability or capital, is called debit and the right side is called credit. Consequently, a debit may signify either an increase or decrease, depending on the nature of the account, and a credit may likewise signify either an increase or decrease, depending on the nature of the account.