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8 January, 23:11

A debit:

a. Multiple Choice Always increases an account.

b. Is the right-hand side of a T-account.

c. Always decreases an account.

d. Is the left-hand side of a T-account. Always increases liability accounts.

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  1. 9 January, 00:18
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    d. Is the left-hand side of a T-account.

    Explanation:

    In the T-accounts, the debits are on the left side while the credits are on the right.

    A debit does not always increases an account. For example, a liability or an income account are usually credit balances as such, a debit to such account reduces the account balance.

    Credits are always on the right side of a T-account.
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