Identify the statement below that is correct:
A. Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts.
B. The left side of a T-account is the credit side.
C. The total amount debited need not equal the total amount credited for a particular transaction.
D. The left side of a T-account is the debit side.
E. Credits increase asset and expense accounts, and decrease liability, equity, and revenue accounts.
Answer: D
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