Indicate whether each of the following statements is true or false.
_____ a)In an accrual accounting system,a debit entry to Cash is never accompanied by a credit entry to Revenue.
_____ b)The adjustment for accrued salaries would involve a debit to Salaries Expense and a credit to Salaries Payable.
_____ c)Adjusting entries will always include either a debit to an expense account or a credit to a revenue account.
_____ d)The closing entry for an expense involves a debit to Retained Earnings and a credit to the expense.
_____ e)The closing entry for a revenue involves a debit to the revenue and a credit to Retained Earnings.

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The Answer of Indicate whether each of the following statements is true or false.
_____ a)In an accrual accounting system,a debit entry to Cash is never accompanied by a credit entry to Revenue.
_____ b)The adjustment for accrued salaries would involve a debit to Salaries Expense and a credit to Salaries Payable.
_____ c)Adjusting entries will always include either a debit to an expense account or a credit to a revenue account.
_____ d)The closing entry for an expense involves a debit to Retained Earnings and a credit to the expense.
_____ e)The closing entry for a revenue involves a debit to the revenue and a credit to Retained Earnings.

Indicate Whether Each of the Following Statements Is True or False