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A Fundamental Rule of Double-Entry Bookkeeping Is That

Question 71

Multiple Choice

A fundamental rule of double-entry bookkeeping is that


A) within a given transaction, debits equal credits.
B) debits are shown on the right-hand side of a T-account.
C) assets equal stockholders' equity.
D) credits cause dividends to increase.
E) Retained Earnings is increased with a debit.

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