Which of the Following Is a True Statement Regarding Debits

question 133

Multiple Choice

Which of the following is a true statement regarding debits and credits?

• A)If a company earned a profit,debits will not equal credits.
• B)For a business,debits are better than credits.
• C)A company's books are not in balance if they have a current period loss.
• D)Assets and expenses are both increased with a debit.
• E)Liabilities and equity are both increased with a debit.