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Which is not correct with regards to general ledger accounts

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Reference no: EM132945962

Problem 1: Which of the following is not correct with regards to general ledger accounts?

A. A credit entry to an expense account will increase the expense

B. Liability accounts are not cleared at the fiscal year-end

C. A credit entry increases the balance in a liability account

D. Expense accounts are cleared at the fiscal year-end

Reference no: EM132945962

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