Question: A journal entry has only two lines: a) Decrease in a liability, b) Decrease in Dividends. Multiple Choice a) is a DR and b) is




A journal entry has only two lines: a) Decrease in a liability, b) Decrease in Dividends. Multiple Choice 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 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 journal entry has only two lines: a) Increase in an asset, b) Decrease in an Expense. Multiple Choice a) is a DR and b) is a CR so the entry is valid 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 CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Increase in a Liability, b) Increase in Owners' Equity. Multiple Choice O a) is a DR and b) is a CR so the entry is valid O2) is a CR and b) is a DR so the entry is valid 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 journal entry has only two lines: a) Increase Owners' Equity, b) Decrease in Owners' Equity. Multiple Choice a) is a DR and b) is a CR so the entry is valid ces a) is a CR and b) is a CR so the entry is NOT valid O ) is a CR and b) is a DR sa the entry is valles O ) sa DR and b) is a DR so the entry is NOT vald A journal entry has only two lines: a) Decrease in an Expense account, b) Decrease in Dividends. Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid O ) is a DR and b) is a CR so the entry is variet a) is a CR and b) is a CR so the entry is NOT valid
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