Question: 1. How is a debit different from a credit? a. A debit decreases prepared expense balances while credit increases prepaid expense accounts. b. A debit

1. How is a debit different from a credit? a. A debit decreases prepared expense balances while credit increases prepaid expense accounts. b. A debit is on the left side of the ledger while credit is on the right side of the ledger. C. A debit decreases asset while a credit decreases liability. d. A debit is good while a credit is bad for the business

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