Which of the Following Statements Regarding the Expanded Accounting Equation

question 66

Multiple Choice

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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