In the T-account above:
A)(A)and (b)are credits.
B)(c)through (g)are debits.
C)if the sum of (a)and (b)is less than the sum of (
C)through (g),the Cash account balance will increase.
D)(a)and (b)are increases.

Question

In the T-account above:
A)(A)and (b)are credits. 
B)(c)through (g)are debits. 
C)if the sum of (a)and (b)is less than the sum of (
C)through (g),the Cash account balance will increase. 
D)(a)and (b)are increases.

Quizplus · Accepted Answer

Cash is an asset account and assets are increased by debits (on the left-side of the account)and decreased by credits (on the right-side of the account).Entries (a)and (b)are debits;the rest are credits.If the sum of (a)and (b)is more than the sum of (c)through (g),the Cash account balance will increase.

In the T-Account Above