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A Credit Entry

Question 16

Multiple Choice

A credit entry:


A) Increases asset and expense accounts,or decreases liability,equity,and revenue accounts.
B) Is recorded on the left side of a T-account.
C) Decreases asset and expense accounts,or increases liability,equity,and revenue accounts.
D) Decreases asset,expense and revenue accounts.
E) Increases the withdrawals account.

Correct Answer:

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