A Debit Entry Always Increases an Account

question 174

True/False

A debit entry always increases an account.

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Definitions:

Conjunction

A grammatically correct construction used to assert that two statements are both true.

Logic of Statements

The study and application of the principles of valid inference and correct reasoning, especially as it applies to statements.

Valid Inferences

Reasonable conclusions or judgments drawn from evidence and reasoning rather than explicit statements.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.