QUESTION IMAGE
Question
debit means
a right side
b increase
c decrease
d left side
Brief Explanations
In accounting, debit represents the left - hand side of a T - account. Whether it causes an increase or decrease depends on the account type (asset, expense accounts increase with a debit; liability, equity, revenue accounts decrease with a debit). But in terms of position in the account, it is the left side.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
D. left side