Multiple Choice
Which of the following statements regarding accounts is TRUE?
A) An asset is increased by a debit and decreased by a credit.
B) Dividends are decreased by debits and increased by credits.
C) A liability is increased by a debit and decreased by a credit.
D) Revenue is increased by a debit; an expense is increased by a credit.
Correct Answer:
Verified
Correct Answer:
Verified
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