Multiple Choice
Which of the following statements is correct?
A) The left side of a T-account is the credit side.
B) Entries that decrease asset and expense accounts, or increase liability, equity, and revenue accounts are posted as debits.
C) The left side of a T-account is the debit side.
D) The right side of a T-account is the debit side.
E) Entries that increase asset, expense, and revenue accounts are posted as debits.
Correct Answer:
Verified
Correct Answer:
Verified
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