4. Decreases in assets are recorded as __ while Decreases in Liabilities are recorded as a. Credits/Debits b. Debits/Debits Debits/Credits d Credits/Credits

The correct answer is:c. Debits/CreditsExplanation:In accounting, decreases in assets are recorded as debits, while decreases in liabilities are recorded as credits. This is based on the double-entry accounting system, where each transaction affects at least two accounts, maintaining the accounting equation: Assets = Liabilities + Equity.