Multiple Choice
Which one of the following statements regarding the debit/credit processing of revenues and expenses is true?
A) Debits reduce expenses.
B) The total credits recorded in revenue accounts must equal the total debits recorded in expense accounts.
C) Across all revenue accounts,the total value of all debits must equal the total value of all credits.
D) Credits increase revenues.
Correct Answer:
Verified
Correct Answer:
Verified
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