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A journal entry has only two lines: a) Decrease in an Asset, b) Decrease in Owners' Equity. Multiple Choice a) is a DR and b)
A journal entry has only two lines: a) Decrease in an Asset, b) Decrease in Owners' Equity. Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a DR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid
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