4. Cash Discounts on Sales are A) a contra account to Accounts Receivable. B) a contra account to Accounts Payable. C) a contra account to gross sales. D) an adjunct account to gross sales. E) neither an addition nor a deduction to gross sales.

1. Which of the following statements is false? A) If you increase an asset account, you may increase a liability account. B) If you increase an asset account, you may decrease an asset account. C) If you decrease an asset account, you may increase an owners' equity account. D) If you decrease an asset account, you may decrease an owners' equity account. E) If you increase an asset account, you may increase an owners' equity account