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Which of the following statements regarding the expanded accounting equation is correct? A. Debits reduce expenses. B. The total credits recorded in revenue accounts must

Which of the following statements regarding the expanded accounting equation is correct?

A. Debits reduce expenses. B. The total credits recorded in revenue accounts must equal the total debits recorded in expense accounts. C. Across all revenue accounts, the total value of all debits must equal the total value of all credits. D. Credits increase revenues.

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