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Which of the following is true regarding debits and credits? Multiple Choice Whether a debit or credit increases or decreases an account depends on the

Which of the following is true regarding debits and credits?

Multiple Choice

Whether a debit or credit increases or decreases an account depends on the type of account.

Debits increase an account and credits decrease an account.

Credits increase an account and debits decrease an account.

There are some circumstances that allow for debits and credits to not equal.

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