In accounting, which of the following statements is true regarding the terms debit and credit?

Question

Options

• ADebit indicates the right side of an account and credit the left side
• BDebit means an increase in an account and credit means a decrease.
• CCredit indicates the right side of an account and debit the left side.
• DCredit means an increase in an account and debit means a decrease

• A
  11% (2)
• C
  6% (1)
• D
  83% (15)

Explanation

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