An entry to the left side of an account is always called a(n)
A) Debit
B) Credit
C) Increase
D) Decrease
Correct Answer:
Verified
Q11: Business documents are used as records of
Q12: The basic accounting equation is
A) Assets =
Q13: Owners' equity accounts are decreased with
A) Debit
Q14: The basic accounting equation
A) Is out of
Q15: Which of the following types of entries
Q17: The purchase of supplies on account
A) Increases
Q18: If a company paid off a loan,
Q19: If a company purchased equipment for cash,
Q20: Borrowing money from a bank
A) Increases assets
Q21: Which of the following accounts is decreased
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