The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account. - Exam4Training

The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.

exams CFE Financial Transactions and Fraud Schemes CFE Financial Transactions and Fraud Schemes exam 0 Comments

The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.
A . True
B . False

Answer: B

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