Question: A journal entry has only two lines: a) Increase in a Revenue account, b) Increase in an Expense account. Multiple Choice O a) is a



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