TRUE OR FALSE A. Double-entry accounting means only that the number of instances in which debit entries are posted to the ledger must exactly equal the number of instances in which credit entries are posted in the ledger. B. Liability ledger accounts should only be debited and will never be credited. The matching principle le best demonstrated by allocating the cost of an assot (0.9. a machine) to an expense ledger over the perlods during which benefits are derived from ownership of the machine. D. An increase in revenue is typically recorded by a credit entry in the general Journal; but an Increase in owners' equlty is usually recorded by a debit entry. E. The primary reason that both expenses and dividends are recorded in Journals and ledgers by debit entries is that both expenses and dividendo act to reduce owners' equlty 6. The ledger account named accounts recolvablo normally has a credit balance. C.The accrual basis of accounting and expenses only when they are pold in cash, not before. M.It during the ledger posting process, a $1700 debit to Cash was occidentally entered in the credit side of the Cash account, that error would be disclosed by the preparation of a trial balance. L. journal entry to researle specife expense could possibly nclude a debit to a liability account