Identify the statement below that is correct:

Multiple Choice

A. The left side of a T-account is the credit side.

B. Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts.

C. The left side of a T-account is the debit side.

D. Credits increase asset and expense accounts, and decrease liability, equity, and revenue accounts.

The correct answer is C. The left side of a T - account is the debit side.

Explanation:

Option A is not correct because the right side of a T - account is the credit side.

Option B is incorrect because debit increases assets and expenses while credit increases liability, equity and revenue (sales) account.

Option D is also incorrect credit decreases assets and expenses while debit decreases liability, equity and revenue (sales) account