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A strategy used by managers to ______ is to generate resources.
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1. Introduction to Accounting
Types of Accounting
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Which of the following types of accounts increases with a credit?
A
Asset account
B
Expense account
C
Liability account
D
Dividend account
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Understand the basic accounting equation: Assets = Liabilities + Equity. This equation helps categorize accounts and their behavior in terms of debits and credits.
Learn the rules of debits and credits for different account types: Assets and Expenses increase with debits, while Liabilities, Equity, and Revenue increase with credits.
Identify the account types mentioned in the problem: Asset account, Expense account, Liability account, and Dividend account. Recall that Liability accounts increase with credits.
Review the behavior of Dividend accounts: Dividend accounts are part of Equity but decrease Equity when debited, so they do not increase with credits.
Conclude that among the options provided, the Liability account is the correct answer because it increases with a credit, aligning with the rules of debits and credits.
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