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4. Which of the following statements is true about debits? a) Debits show an increase in what a company owns or a decrease in what it owes. b) A debit to an asset account shows a decrease. c) A debit to
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4. Which of the following statements is true about debits?

a) Debits show an increase in what a company owns or a decrease in what it owes.
b) A debit to an asset account shows a decrease.
c) A debit to a liability account shows an increase.
d) Debits show a decrease in what a company owns or an increase in what it owes.

User Akshay Nalawade
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Answer:

I believe the answer is d

User Andrew Zaw
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