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A Credit Entry

Question 211

Multiple Choice

A credit entry:


A) Is recorded on the left side of a T-account.
B) Is always a decrease in an account.
C) Increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts.
D) Is always an increase in an account.
E) Decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.

Correct Answer:

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