Which of the following statements is not true? Multiple Choice The number of credits posted must equal to number of debits posted. The net changes in assets must always equal the sum of the net changes in liabilities and shareholders' equity. The total value of credits in all accounts must always equal the total value of debits in all accounts. Assets must always equal liabilities plus shareholders' equity.

Which of the following statements is not true? Multiple Choice The number of credits posted must equal to number of debits posted. The net changes in assets must always equal the sum of the net changes in liabilities and shareholders' equity. The total value of credits in all accounts must always equal the total value of debits in all accounts. Assets must always equal liabilities plus shareholders' equity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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