Question

Identify the statement below that is correct. A. The left side of a T-account is the...

Identify the statement below that 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.

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Answer #1
Option C is the answer

The left side of a t account is debit side whereas right side is credit side

Assets and expenses increase with debit. Debits must equal credits no matter what ;)

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