Asked by kiona brown on May 26, 2024
Verified
Debit means increase.
Debit
An entry on the left side of an account, representing an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.
Increase
An uptick or rise in a statistical value or quantity.
- Acquire knowledge about the principal parts of income statements and their classification.
Verified Answer
SF
Seira Ferreyra
May 29, 2024
Final Answer :
False
Explanation :
Debit means decrease, while credit means increase.
Learning Objectives
- Acquire knowledge about the principal parts of income statements and their classification.
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