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Inga [223]
4 years ago
8

Which of the following is true about a "debit"? a) It is part of the double-entry procedure that keeps the accounting equation i

n balance. b) It represents an increase to assets. c) It represents a decrease to liabilities. d) It is on the right side of a T-account.
Business
1 answer:
Alex787 [66]4 years ago
5 0

Answer:

The correct answers are A, B and C.

Explanation:

The word debit refers to debt, that is, at the request of accounting, it includes that numerical entry that is made in the account, in the "must", that is, on the left side and that represent assets or rights owned by the person or the company in question. It can increase the balance of a liability, or failing that, implies a decrease in the balance of an asset.

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3 years ago
Describe how a car be a need for one person and a want for another person
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4 years ago
Assume that John's marginal tax rate is 17 percent. If a city of Austin bond pays 10.2 percent interest, what interest rate woul
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Explanation:

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3 years ago
Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if: a. differentiatio
aleksandrvk [35]

Answer:

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7 0
3 years ago
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Opportunity cost

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