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Below are three statements regarding debits, credits, and T - Accounts: I. Service Revenue and Common Stock increase on the debit side. II . The
Below are three statements regarding debits, credits, and TAccounts:
I. Service Revenue and Common Stock increase on the debit side.
II The left side of an account is the credit side.
III. Accounts Receivable and Dividends increase on the credit side.
Which of the statements above are true?
Multiple Choice
Statements I & II
Statements II & III
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