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    Financial and Managerial Accounting Study Set 8
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    Exam 3: The Accounting Cycle: Capturing Economic Events
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    Increases in Owners' Equity Are Recorded by Credits;increases in Assets
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Increases in Owners' Equity Are Recorded by Credits;increases in Assets

Question 25

Question 25

True/False

Increases in owners' equity are recorded by credits;increases in assets and in liabilities are recorded by debits.

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