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Which of the following rules is incorrect ? a. The accounting equation must always remain in balance. b. Asset accounts are increased by debit entries

Which of the following rules is incorrect?

a.

The accounting equation must always remain in balance.

b.

Asset accounts are increased by debit entries and decreased by credit entries.

c.

Expense accounts normally have debit balances.

d.

Common stock accounts are increased by debit entries and decreased by credit entries.

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