The term debit means: a. Increase b. An entry that increases asset, expense, and owners equity accounts

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The term debit means:

a. Increase

b. An entry that increases asset, expense, and owner’s equity accounts

c. A transaction that is recorded in a journal

d. An entry to transfer a journal entry to ledger accounts

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 06, 2019 11:32 AM

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The term debit means: a. Increase b. An entry that increases asset, expense, and owners equity accounts

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b An entry th...View the full answer

Fundamental Accounting Principles Volume I

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