The Reason That Both Expenses and Dividends Are Recorded by Debit

question 90

Multiple Choice

The reason that both expenses and dividends are recorded by debit entries is that:

• A)All dividend and expense transactions involve offsetting credit entries to the Cash account.
• B)Both expenses and dividends are offset against revenues in the income statement.
• C)Both expenses and dividends reduce owners' equity.
• D)The statement is untrue-expenses are recorded by debits,but dividends are recorded by credits to the owners' equity account.

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