Which statement is false? a. Liabilities are decreased by debits. b. Assets are increased by debits. c.
Question:
Which statement is false?
a. Liabilities are decreased by debits.
b. Assets are increased by debits.
c. Revenues are increased by credits.
d. Dividends are increased by credits.
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A debit is an Accounting entry that either increases an Assets or expenses account OR de...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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