Question: Identify the correct statement below. Question 1Select one: A. Asset accounts typically carry credit balances B. Liability accounts typically carry debit balances C. Revenue accounts

Identify the correct statement below. Question 1Select one: A. Asset accounts typically carry credit balances B. Liability accounts typically carry debit balances C. Revenue accounts typically carry debit balances D. Expense accounts typically carry credit balances E. All of the above statements are false

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