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    Financial Accounting Study Set 2
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    Exam 3: The Accounting Cycle: The Mechanics of Accounting
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    Which of the Following Is True of the Cash Account
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Which of the Following Is True of the Cash Account

Question 45

Question 45

Multiple Choice

Which of the following is true of the cash account?


A) It normally has a credit balance.
B) It is increased with credit entries.
C) It is an owners' equity account.
D) It is increased with debit entries.

Correct Answer:

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