Which of the following about debits and credits is, Ask an Expert

Accounting

Which of the following about debits and credits is false?
A. Credits increase revenues, gains and bonds payable
B. Debits increase salaries expense and prepaid expenses (prepayment assets
C. Credits increase dividends payable, but debits increase dividends declared
D. Debits increase assets.
E. Credits increase liabilities, expenses and losses

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9612578

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