Question: Debits: (a) increase both assets and liabilities. (b) decrease both assets and liabilities. (c) increase assets and decrease liabilities. (d) decrease assets and increase liabilities.

Debits:

(a) increase both assets and liabilities.

(b) decrease both assets and liabilities.

(c) increase assets and decrease liabilities.

(d) decrease assets and increase liabilities.

AppendixLO1

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