Question: Below are three statements regarding debits, credits, and T - Accounts: I. Accounts Payable and Accounts Receivable decrease on the debit side II . The

Below are three statements regarding debits, credits, and T-Accounts:
I. Accounts Payable and Accounts Receivable decrease on the debit side
II. The right side of an account is the credit side
III. Dividends and expenses increase on the debit side.
Which of the statements above are true?Multiple Choice
Statements I & II
Statements II & III
Statements I & III
All of the statements are true
None of the statements are true

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