1. Which of the following statements is not true?

   1. If you credit an asset, it will reduce the account balance.
   2. If you debit an asset, it will increase the account balance.
   3. If you credit a liability, it will reduce the account balance.
   4. If you debit a liability it will reduce the account balance.

   2) which account does not have a normal debit balance

   1. Assets
   2. Revenue
   3. Expenses
   4. Dividends.

3)

1. 1. ______________ is a subcategory of stockholders equity.

   1. Retained earnings
   2. Assets
   3. Expenses
   4. Dividends