Which of the Following Is/are True About a "Debit"? I

question 160

Multiple Choice

Which of the following is/are true about a "debit"? I.It is part of the double-entry procedure that keeps the accounting equation in balance.
II) It represents an increase to assets.
III) It represents a decrease to liabilities.
IV) It is on the right side of a T-account.

• A)I and II.
• B)IV only.
• C)I,II,and III.
• D)I,II,III,and IV.

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