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Basic Financial Accounting Short Questions
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Question:
What do the terms "Debit" and "Credit" mean? Select one alternative: A Debit is the left side and Credit is the right side of a t-account B Debit means increase and Credit means decrease C Debit means add to the income statement while Credit means minus from the income statement D Debit means minus and credit means plus
Author: Gonza RAnswer:
A Debit is the left side and Credit is the right side of a t-account
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