Indicate whether each of the following statements concerning the debit-credit feature of the accounting model is true or false.
_____ a)Upon payment of an account payable,the liability account should be credited.
_____ b)Payment of a cash expense requires a debit to cash and a credit to the expense.
_____ c)On a T-account debits are entered on the left and credits are entered on the right.
_____ d)A credit entry decreases an asset account.
_____ e)Increases in revenues are recorded as debits.

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The Answer of Indicate whether each of the following statements concerning the debit-credit feature of the accounting model is true or false.
_____ a)Upon payment of an account payable,the liability account should be credited.
_____ b)Payment of a cash expense requires a debit to cash and a credit to the expense.
_____ c)On a T-account debits are entered on the left and credits are entered on the right.
_____ d)A credit entry decreases an asset account.
_____ e)Increases in revenues are recorded as debits.

Indicate Whether Each of the Following Statements Concerning the Debit-Credit