In accounting,the terms debit and credit indicate,respectively:
A)Increase and decrease.
B)Left and right.
C)Decrease and increase.
D)Right and left.

Question

Quizplus · Accepted Answer

In accounting, "debit" and "credit" refer to the left and right sides of a ledger account, respectively. These terms do not inherently mean increase or decrease but are used to record transactions in the double-entry bookkeeping system.

In Accounting,the Terms Debit and Credit Indicate,respectively