How many of the following statements is/are FALSE? An increase in revenue is on the credit side hence a decrease in expense is also on the credit side. A balanced trial balance means that the recording is free from errors. A simple entry has only one debit and credit while a compound entry has two or more debits and credits. Tangible assets have values but intangible assets have no values.

a. 3

b. 1 

c. 4 

d. 2