Indicate whether each of the following statements concerning the debit-credit feature of the accounting model is true or false.
_____ a) Upon payment of an account payable, the liability account should be debited.
_____ b) Payment of a cash expense requires a debit to cash and a credit to the expense.
_____ c) On a T-account debits are entered on the left and credits are entered on the right.
_____ d) A debit entry decreases an asset account.
_____ e) Increases in revenues are recorded as debits.

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The Answer of Indicate whether each of the following statements concerning the debit-credit feature of the accounting model is true or false.
_____ a) Upon payment of an account payable, the liability account should be debited.
_____ b) Payment of a cash expense requires a debit to cash and a credit to the expense.
_____ c) On a T-account debits are entered on the left and credits are entered on the right.
_____ d) A debit entry decreases an asset account.
_____ e) Increases in revenues are recorded as debits.

Indicate Whether Each of the Following Statements Concerning the Debit-Credit