Question: Which of the following statements is true? Debits decrease both assets and liabilities. Debits increase both assets and liabilities. Debits decrease assets and increase liabilities.

Which of the following statements is true?
Debits decrease both assets and liabilities.
Debits increase both assets and liabilities.
Debits decrease assets and increase liabilities.
Debits increase assets and decrease liabilities.
Which of the following statements is true? Debits decrease both assets

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