5 Questions on T-Accounts
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Can you answer these five questions on T-Accounts under time pressure?
1. Which side of a T-Account is used to record an increase in Revenue?
2. Which side of a T-Account is used to record a decrease in Operating Expenses?
3. Which side of a T-Account is used to record a decrease in Accounts Receivable?
4. Which side of a T-Account is used to record a decrease in Owner's Equity?
5. Which side of a T-Account is used to record an increase in Dividends?
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