15 16 Question 15Increases in assets and expenses are credited while decreases are debited.O TrueO False Question 16For every business transaction, there are at least two accounts affected.TrueO False

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Business

Accounting

Increases in assets and expenses are credited while decreases are debited. O True O False

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 1.11EX: Effect of transactions on owner's equity Indicate whether each of the following types of...

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For every business transaction, there are at least two accounts affected.
True
O False

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