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Which of the following about debits and credits is false?A. Credits increase revenues, gains and bonds payableB. Debits increase salaries expense and prepaid expenses (prepayment assetsC. Credits increase dividends payable, but debits increase dividends declaredD. Debits increase assets.E. Credits increase liabilities, expenses and losses
State the list of Special journals Purchases - All credit purchases of merchandise Cash Payments - All payments of cash Sales - All credit sales of merchandise
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Benefits of Purchases Discounts Purchases Discounts account is used to record discounts given for prompt payment. To prove ACCOUNTS PAYABLE LEDGER , you will look at bala
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A career in taxation is by no signifies limited to public accounting. for the reason that there are so many types of taxes impacting so many aspects of our lives tax specialists ac
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The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk inve
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