1 answer

4) A debit: A) Always decreases an account. B) Always increases an account. C) Is not...

Question:

4) A debit: A) Always decreases an account. B) Always increases an account. C) Is not needed to record a transaction. D) Is the left-hand side of a T-account. E) Is the right-hand side of a T-account. 5) Resources a company owns or controls that are expected to yield future benefits are: A) Liabilities. B) Stockholders Equity. C) Assets. D) Expenses. E) Revenues
4) A debit: A) Always decreases an account. B) Always increases an account. C) Is not needed to record a transaction. D) Is the left-hand side of a T-account. E) Is the right-hand side of a T-account. 5) Resources a company owns or controls that are expected to yield future benefits are: A) Liabilities. B) Stockholders' Equity. C) Assets. D) Expenses. E) Revenues

Answers

4. Answer is option D

Is the left-hand side of a T-account

T-account has two sides, debit and credit. The left hand side is known as debit and right hand side is known as credit.

5. Answer is option C Assets

Assets have the economic value and are expected to give benefits in future.

.

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