Asked by Jarvis Perkins on Mar 10, 2024

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Expense accounts are increased by credits.

Expense Accounts

Financial accounts used to track money spent or costs incurred in a company's operations.

Credits

Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts.

  • Learn how expense accounts are affected by transactions.
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Verified Answer

CH
chastin hughes

Mar 10, 2024

Final Answer :
False
Explanation :
Expense accounts are increased by debits, not credits. Credits decrease expense accounts.