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

 A journal entry has only two lines: a) Decrease in an
asset, b) Increase 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 CR so the entry is NOT valid
a) is a DR and b) is a DR so the entry

A journal entry has only two lines: a) Decrease in an asset, b) Increase 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 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 an Expense, b) Decrease in Dividends. Multiple Choice O 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 DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Increase in Owners' Equity, 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 DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Increase in Owners' Equity, b) Increase in an Expense account Multiple Choice 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 a) is a CR and b) is a CR so the entry is NOT valid A journal entry has only two lines: a) Increase in Owners' Equity, b) Increase in Revenue. Multiple Choice a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a CR so the entry is 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

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