Question: Incurring an expense is increased with a debit because: a ) they are always paid by cash, which is credited. Thus expenses are debited. b
Incurring an expense is increased with a debit because: a they are always paid by cash, which is credited. Thus expenses are debited. b they decrease stockholders equity thus they increase with a debit c they have the same rules of debits and credits as the retained earnings account. d none of the statements are correct
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