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    Financial and Managerial Accounting Study Set 3
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    Exam 2: Measurement Concepts: Recording Business Transactions
  5. Question
    Which Pair of Accounts Follows the Rules of Debit and Credit
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Which Pair of Accounts Follows the Rules of Debit and Credit

Question 15

Question 15

Multiple Choice

Which pair of accounts follows the rules of debit and credit in the opposite manner?


A) Prepaid Insurance and Dividends
B) Advertising Expense and Land
C) Dividends and Service Revenue
D) Interest Payable and Common Stock

Correct Answer:

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