Question
A journal entry has only two lines: a) Decrease in an asset, b) Decrease in an Expense. a) is a CR and b) is a
A journal entry has only two lines: a) Decrease in an asset, b) Decrease in an Expense.
a) is a CR and b) is a CR so the entry is NOT valid
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
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Financial Accounting
Authors: Pauline Weetman
8th Edition
129224447X, 9781292244471
