Question: 21. When making a general journal entry, there can only be one debit and one credit. True False 22. The matching concept refers to the

21. When making a general journal entry, there can only be one debit and one credit. True False 22. The matching concept refers to the relationship between revenues and expenses. True False 3, An increase in a liability is recorded by a credit, an increase in owners equity by a debit. True False

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