Question: A journal entry has only two lines: a) Decrease in an asset, b) Decrease in an Expense. a) is a CR and b) is a

A journal entry has only two lines: a) Decrease in an asset, b) Decrease in an Expense.

a) is a CR and b) is a CR so the entry is NOT valid

a) is a DR and b) is a DR so the entry is NOT valid

a) is a DR and b) is a CR so the entry is valid

a) is a CR and b) is a DR so the entry is valid

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