A debit
A) is on the left side.
B) decreases assets.
C) increases liabilities.
D) increases owner's equity.
Correct Answer:
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Q48: An increase in an asset account may
Q49: Increases are entered on the credit side
Q50: The difference between the total debits and
Q51: A credit
A) increases assets.
B) is on the
Q52: A cash payment on a loan affects
Q54: Totals on the debit and credit sides
Q55: An example of an expense is
A) prepaid
Q56: An investment of cash in a business
Q57: Revenues
A) decrease liabilities.
B) decrease cash.
C) increase expenses.
D)
Q58: Asset and expense accounts normally have
A) credit
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