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Which of the following statements regarding accounts is incorrect? A. Revenue is increased by a debit and an expense is increased by a credit. B.

Which of the following statements regarding accounts is incorrect?

Revenue is increased by a debit and an expense is increased by a credit.

An asset is increased by a debit and decreased by a credit.

Revenue is increased by a credit and an expense is increased by a debit.

A liability is decreased by a debit and increased by a credit.

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