Which of the Following Statements Is Correct

question 44

Multiple Choice

Which of the following statements is correct?

• A)The right side of a T-account is the debit 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 left side of a T-account is the credit side.
• E)Entries that increase asset, expense, and revenue accounts are posted as debits.

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Definitions:

Personal References

Individuals who can provide testimonies or vouch for one's character, abilities, and ethics, usually not from a direct work relation.

Too Candid

Describes someone who is exceedingly straightforward or unreserved in their speech, potentially to a fault.

Overused

A term describing something utilized too frequently to the point it may lose effectiveness or value.

Positive Points

Merits or advantages awarded in a system, often used to acknowledge accomplishments or desired behaviors.