1. Asset accounts and liability accounts are increased by a. debits; debits b. credits; credits c. debits; credits d. credits; debits and , respectively. 2. Revenue accounts and expense accounts are increased by a. debits; debits b. credits; credits c. debits; credits d. credits; debits and respectively 3. Purchasing supplies on account a. decreases; asset b. increases; revenue c. decreases; expense d. increases; liability a(n) account