The left side of an asset account is the credit side because asset accounts are on the left side of the accounting equation.
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Q5: Asset accounts decrease on the credit side.
Q6: Each transaction changes the balances in at
Q7: A list of accounts used by a
Q8: When cash is paid for supplies, the
Q9: Common accounting practice is to record withdrawals
Q11: A drawing account is increased by debits
Q12: Increases in expense accounts are recorded as
Q13: The normal balance side of an Accounts
Q14: Utilities Expense is increased with a debit.
Q15: Cash is increased with a debit.
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