Which of the following is true about a "debit"? 1. It is part of the...

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Accounting

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Which of the following is true about a "debit"? 1. It is part of the double-entry procedure that keeps the accounting equation in balance. II. It represents an increase to assets. III. It represents a decrease to liabilities. IV. It is on the right side of a T-account. Multiple Choice I, II, and III. I and II. IV only I, II, III, and IV. Trou 10

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