Which of the following statements is true regarding the terms debit and credit?

In accounting, which of the following statements is true regarding the terms debit and credit?
A. Debit indicates the right side of an account and credit the left side.
B. Debit means an increase in an account and credit means a decrease.
C. Credit indicates the right side of an account and debit the left side.
D. Credit means an increase in an account and debit means a decrease.

Download Printable PDF. VALID exam to help you PASS.

One thought on “Which of the following statements is true regarding the terms debit and credit?

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.