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1. Debits are used to record increases in assets, dividends and expenses.
45Identify the accounts that would normally have balances in thecredit column of a business's trial balance.
Liabilities and expenses.
Assets and revenues.
Revenues and expenses.
Revenues and liabilities.
Dividends and liabilities.
Net income results when:
A. Revenues=Expenses.
B. Assets>Liabilities.
C. Revenues<Expenses.
D. Revenues>Expenses.
