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In: Accounting

An account balance is: a.The total of the credit side of the account. b. The total...

An account balance is:

a.The total of the credit side of the account.

b. The total of the debit side of the account.

c. The difference between the total debits and total credits for an account including the beginning balance.

d. Assets = liabilities + equity.

e. Always a credit.

2. debit is used to record which of the following:

a. A decrease in an asset account.

b. A decrease in an expense account.

c. An increase in a revenue account.

d. An increase in the common stock account.

e. An increase in the dividends account.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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