Question
Which of the following statements concerning the rules of debit and credit is false ? Select one: a. Accounts on the left side of the
Which of the following statements concerning the rules of debit and credit is false?
Select one:
a. Accounts on the left side of the balance sheet are decreased by credits, whereas accounts on the right side are increased by credits
b. Accounts on the right side of the balance sheet are decreased by debits, whereas accounts on the left side are increased by debits
c. Accounts on the left side of the balance sheet are increased by debits, whereas accounts on the right side are decreased by credits.
d. Owners equity accounts are increased by credits and decreased by debits
e. In recording a journal entry, the number of accounts debited may be unequal to the number of accounts credited
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