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A Decrease in the Owner's Capital account is recorded with a credit

A Decrease in the Owner's Capital account is recorded with a credit




TRUE OR FALSE:
1.	Column totals are called footings.



	2.	A decrease in a liability is recorded by a debit.


	3.	An increase in an asset is recorded by a debit.


	4.	The double-entry system is possible because all business transactions have two equal and opposite aspects.


	5.	A decrease in the Owner's Capital account is recorded with a credit.



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29 Apr 2016

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  1. Genius

    A Decrease in the Owner's Capital account is recorded with a credit

    A Decrease in the Owner's Capital account is recorded with a credit A Decrease in ****** ******
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