An important rule to remember when working with T accounts is:
A) when you debit an account, you are entering an amount of the right-hand side of the T account.
B) an increase to accounts payable will be recorded as a debit.
C) to credit an account means to enter an amount on the right-hand side of the T account.
D) the debit side of a T account is on the right-hand side of the T account for liabilities and revenues.

Question

Quizplus · Accepted Answer

To credit an account means to enter an amount on the right-hand side of the T account. This is the basic rule of T accounts, as it helps to maintain consistency and accuracy in recording financial transactions. Therefore, option C is the correct choice.

An Important Rule to Remember When Working with T Accounts