Increases in owners' equity are recorded by credits;increases in assets and in liabilities are recorded by debits.
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Q10: The left-hand side of an account is
Q11: A credit to a ledger account refers
Q12: Ledger accounts are updated first,and then transactions
Q13: The ledger is a chronological,day-by-day,record of business
Q14: Dividends are an expense to a corporation
Q16: Earning revenue increases owners' equity and expenses
Q17: When recording a journal entry,asset accounts are
Q18: The credit side of an account is
Q19: Every transaction affects equal numbers of ledger
Q20: Every business transaction is recorded by a
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