A debit:
A)Always increases an account.
B)Is the right-hand side of a T-account.
C)Always decreases an account.
D)Is the left-hand side of a T-account.
E)Is not needed to record a transaction.

Question

Quizplus · Accepted Answer

A debit is the left-hand side of a T-account and always increases certain types of accounts such as assets and expenses, while decreasing other types of accounts such as liabilities, equity, and revenues. Therefore, option D is the correct choice.

A Debit