Assets are increased with debits and decreased with credits. True False
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter2: Analyzing Transactions Into Debit And Credit Parts
Section2.3: Analyzing How Transactions Affect Owner’s Equity Accounts
Problem 5AYU
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Assets are increased with debits and decreased with credits.
True
False
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