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Assuming normal balances, which of the following statements is not true for T accounts? a.The excess of the credits of a stockholders' equity account over
Assuming normal balances, which of the following statements is not true for T accounts?
a.The excess of the credits of a stockholders' equity account over the debits is the balance of the account.
b.The excess of the credits of a liability account over the debits is the balance of the account.
c.The excess of the credits of an asset account over the debits is the balance of the account.
d.All of these statements are true.
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