Question: In using a T-account, the left side is the debit side and the right side is the credit side. Thus, DEBITS on the LEFT, CREDITS

In using a T-account, the left side is the debit side and the right side is the credit side. Thus, DEBITS on the LEFT, CREDITS on the RIGHT. Transactions on the left side (debit) ALWAYS increase an account and the right side (credit) ALWAYS decreases an account.

Is this ENTIRE statement true or false? If it is false, explain which part of the statement is false and explain why it is false.

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