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From course:

Basic Financial Accounting Short Questions

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Question:

What do the terms "Debit" and "Credit" mean? Select one alternative: A Debit is the left side and Credit is the right side of a t-account B Debit means increase and Credit means decrease C Debit means add to the income statement while Credit means minus from the income statement D Debit means minus and credit means plus

Author: Gonza R



Answer:

A Debit is the left side and Credit is the right side of a t-account


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Author

Gonza R
Gonza R