Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statements is correct? a. e

which of the following statements is correct? A. entries that decrease assets and expenses accounts,...

80.2K

Verified Solution

Question

Accounting

which of the following statements is correct?

A. entries that decrease assets and expenses accounts, or increase liability, owner's equity and revenues accounts are posted as debits.

B. The left side of a T-account is the credit side.

C. An Assets and a liability will always net out to a debt

D. entries that Increase assets and expenses accounts, or decrease liability, owner's equity and revenues accounts are posted as debits.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

An emergency service wishes to see whether a relationship exists between the outside temperature and the...

Biology
1.2K views

diffusion experiment: my experiment was to cut an agar cube into 64 pieces and place it...

General Management
1.2K views

Describe the current ethical environment of business

Advance Math
1.2K views

Find an expression for the temperature u(x,t) in a rod of length ?, if the diffusivity...

Biology
1.2K views

What is the response when baking soda is place in vinegar O There is a...

Calculus
1.2K views

A guitar factory has a cost of production C (x) = 80x + 54000, where...

Calculus
1.2K views

a trung integral berikut 4 b 2 sx s x 2 te 3 dx dx...

Algebra
1.2K views

12 5 points Prove identity sin x csc x cos x csc x

Accounting
1.2K views

I need a answer for problem PR 12-4B in Accounting using excel for success Edition...

Accounting
1.2K views

U 0 8 7 Home Enter 4 B N M ? + Shift 1 End...

Accounting
1.2K views

Question 4 At October 2018 Cha Ltd had an investment in a subsidiary. Hei Ltd,...

Accounting
1.2K views

ACCO Ltd is a large producer of organic medicinal products. The audit report for the...