Which statement(s) concerning cash is (are) true?
A) cash will always have more debits than credits
B) cash will never have a credit balance
C) cash is increased by debiting
D) all of the above

Name: Which statement(s) concerning cash is (are) true? A) cash will always have more debits than credits B) cash will never have a credit balance C) cash is increased by debiting D) all of the above
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash is increased by debiting and decreased by crediting. Therefore, option A and B are false.

Which Statement(s) Concerning Cash Is (Are) True