Business, 17.03.2020 17:38 nisha87

An accountant has debited an asset account for $1,300 and credited a liability account for $500. Which of the following would be an incorrect way to complete the recording of the transaction?

A. Credit an asset account for $800.
B. Credit another liability account for $800.
C. Credit a Stockholders' account for $800.
D. Debit a Stockholders' account for $800.

Answers: 3

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An accountant has debited an asset account for $1,300 and credited a liability account for $500. Whi...