A Debit Is

question 129

Multiple Choice

A debit is:

• A)An increase in an account.
• B)The right-hand side of a T-account.
• C)A decrease in an account.
• D)The left-hand side of a T-account.
• E)An increase to a liability account.

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Definitions:

Ontologically

Pertaining to ontology, the branch of metaphysics dealing with the nature of being.

Ambiguity

The quality of being open to more than one interpretation; inexactness or uncertainty in meaning.

Dialectical Relationships

Interactions between two entities where change occurs through tension, opposition, and contradiction leading to the development of both entities involved.

Social Analysis

The examination of social structures, processes, and relationships to understand human behavior and societal developments.