Accountants use the term "debit" to refer to
A)events that are negative for the firm
B)a reduction in amounts owed
C)events that increases accounts
D)an amount entered on the left-hand side of an account

Question

Quizplus · Accepted Answer

Accountants use the term "debit" to refer to an amount entered on the left-hand side of an account. It doesn't necessarily mean a negative event or a decrease in amounts owed.

Accountants Use the Term "Debit" to Refer to