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




A journal entry has only two lines: a) Increase 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 a Liability, b) Decrease in a Revenue. Multiple Choice 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 vald b) is a CR and b) is a CR so the entry is NOT vatid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Increase in one Expense, b) Decrease in another Expense. 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 CR so the entry is NOT valid (B) 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 journal entry has only two lines: a) Increase in an asset, b) Increase in Revenue. 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 O 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 Owners' Equity, b) Decrease in Expense. Multiple Choice 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 CR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid
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