Which of the Following Statements Is Correct

question 35

Multiple Choice

Which of the following statements 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) In certain circumstances the total amount debited need not equal the total amount credited for a particular transaction.

---

Definitions:

Null Hypothesis

An assertion or proposition in statistics that indicates no significant difference or effect, serving as the default assumption to test against.

Type II Error

The error that occurs when the null hypothesis is falsely accepted, failing to detect an effect or difference when one actually exists.

Null Hypothesis

The hypothesis in statistical analysis that posits no significant difference or relationship exists among groups or variables being studied.

P-Value

The chance of receiving test results that are as extreme or exceed the extremity of those actually observed, with the null hypothesis assumed to be true.