Which of the following statements regarding debits and credits is always correct?
A) Debits decrease accounts while credits increase them.
B) The total value of all debits recorded in the ledger must equal the total value of all credits recorded in the ledger.
C) The total value of all debits to a particular account must equal the total value of all credits to that account.
D) The normal balance for an account is the side on which it decreases.
Correct Answer:
Verified
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