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

question 38

Multiple Choice

Which of the following is 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.

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