Identify the Statement Below That Is Correct

Multiple Choice

Identify the statement below that is correct:

A) The left side of a T-account is the credit side.
B) Debits decrease asset and expense accounts,and increase liability,equity,and revenue accounts.
C) The left side of a T-account is the debit side.
D) Credits increase asset and expense accounts,and decrease liability,equity,and revenue accounts.
E) The total amount debited need not equal the total amount credited for a particular transaction.