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A Credit Entry

Question 115

Multiple Choice

A credit entry:


A) Increases asset and expense accounts, and decreases liability, owner's capital, and revenue accounts.
B) Is always a decrease in an account.
C) Decreases asset and expense accounts, and increases liability, owner's capital, and revenue accounts.
D) Is recorded on the left side of a T-account.
E) Is always an increase in an account.

Correct Answer:

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