Multiple Choice
When an accountant uses T-accounts, the debit side is always the left side and the credit side is always the right side. Which of the following describes increases and decreases in assets and liabilities?
A) Debits increase liabilities and credits increase assets.
B) Debits increase assets and debits decrease liabilities.
C) Debits increase assets and debits increase liabilities.
D) Credits increase assets and credits increase liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
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