Question: The term debit is used to define a. only increases in account balances. b. only decreases in account balances. c. increases or decreases in account

The term debit is used to define

a. only increases in account balances.

b. only decreases in account balances.

c. increases or decreases in account balances depending on the type of account.

d. The answer cannot be determined from the information provided

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