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  3. are the following possibilities conceivable in an

Are the following possibilities conceivable in an entry involving only one debit and one credit?...

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Accounting

Are the following possibilities conceivable in an entry involving only one debit and one credit? Please explain your response for each item. Provide five or six correct responses:

Increase a liability and increase an expense.

Increase an asset and decrease a liability.

Increase revenue and decrease an expense.

Decrease an asset and increase another asset.

Decrease an asset and increase a liability.

Decrease revenue and decrease an asset.

Decrease a liability and increase revenue.

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