Which of the Following Is Not a Correct Rule of Debits

question 205

Multiple Choice

Which of the following is not a correct rule of debits and credits?

• A) assets, expenses, and dividends are increased by debits
• B) assets are decreased by credits and have a normal debit balance
• C) liabilities, revenues, and retained earnings are increased by credits
• D) the normal balance for revenues and expenses is a credit

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Definitions:

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