What is a debit?

a. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.

b. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the right in an accounting entry.

c. All of the above

d. None of the above


Answer is a. A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.

Business

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