Multiple Choice
Which of the following is not a correct rule of debits and credits?
A) Assets, expenses, and dividends are increased by debits.
B) Assets are decreased by credits and have a normal debit balance.
C) Liabilities, revenues, and stockholders' equity are increased by credits.
D) The normal balance for revenues and expenses is a credit.
Correct Answer:
Verified
Correct Answer:
Verified
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