An Important Rule to Remember When Working with T Accounts

question 107

Multiple Choice

An important rule to remember when working with T accounts is:

• A)when you debit an account,you are entering an amount of the right-hand side on the T account.
• B)an increase to accounts payable will be recorded as a debit.
• C)to credit an account means to enter an amount on the right-hand side of the T account.
• D)the debit side of a T account is on the right-hand side of the T account for assets and expenses.

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Definitions:

Desirable Feature

A trait or characteristic of a product, person, or concept that is attractive and makes it preferable.

P Value

A statistical measure that indicates the probability of obtaining the observed results of a study by chance alone, often used to test hypotheses.

Correlational Study

A research method that examines the relationship between two or more variables to determine whether and how they change together.

Standard Deviation

An indicator of how much the values in a set differ or spread out.