Question: An important rule in a double-entry accounting system includes: a. Increases in equity accounts always result in a decrease to a liability account b. Equity
An important rule in a double-entry accounting system includes:
a. Increases in equity accounts always result in a decrease to a liability account
b. Equity accounts and liability accounts are always credited, assets are always debited
c. Liabilities are always decreased through a debit to equity
d. Increases in assets are debited to asset accounts, decreases in assets are credited to asset accounts
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