Accountıng I Deneme Sınavı Sorusu #1173327
Which of the following is true information about the double-entry system?
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equal debits and credits are made in the accounts for each transaction. |
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asset, liabilities and owners’ equity accounts all have normal debit balances. |
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a debit entry is recorded on the righ side of a T-account. |
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a credit entry is recorded on the left side of a T-account. |
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half of all the accounts have a normal credit balance. |
Yanıt Açıklaması:
The correct answer to question is option A. A debit entry is recorded on the left side of a T-account. A credit entry is recorded on the right side of a T-account. Assets have a debit balance, while liabilities and shareholders' equity have a credit balance.
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