The Rules of Debit and Credit May Be Summarized as Follows

question 63

Multiple Choice

The rules of debit and credit may be summarized as follows:

• A)Asset accounts are increased by debits,whereas,liabilities and owners' equity are increased by credits.
• B)The balance of a ledger account is increased by debit entries and is decreased by credit entries.
• C)Accounts on the left side of the balance sheet are increased by credits,whereas accounts on the right side of the balance sheet are increased by debits.
• D)The balance of a ledger account is increased by credit entries and is decreased by debit entries.

---

Definitions:

Major Product

The product that is formed in the greatest amount in a chemical reaction.

Geminal Dihalide

Organic compounds where two halogen atoms are attached to the same carbon atom.

Dibromocyclopentane

A cyclopentane molecule in which two hydrogen atoms have been replaced by bromine atoms.

Dichloropentane

A type of organic compound that consists of a pentane chain with two chlorine atoms attached, which can exist in multiple isomeric forms.