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

A journal entry has only two lines: a) Increase in one asset, b) Decrease in a second asset. Multiple Choice 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 a) is a DR and b) is a CR 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 an asset, b) Decrease in 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 valid 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 journal entry has only two lines: a) Decrease in a liability, b) Decrease in a Revenue account. Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid O a) is a DR and b) is a CR so the entry is 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 DR so the entry is valid a) is a DR and b) is a CR so the entry is valid 10 oo 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

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