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The values of all equities or claims against the assets (liabilities and owner’s equity) are on the accounting equation’s A) left side B) right side C) debit side D) none of these

/in /by

T account

An accounting device used to analyze transactions.

A

The values of all things owned (assets) are on the accounting equations
A) left side
B) right side
C) credit side
D) none of these

B

The values of all equities or claims against the assets (liabilities and owner’s equity) are on the accounting equation’s 
A) left side
B) right side
C) debit side 
D) none of these

A

An amount recorded on the left side of a T account is a 
A) debit
B) credit
C) normal balance
D) none of these

B

An amount recorded on the right side of a T account is a 
A) debit
B) credit
C) normal balance
D) none of these

A

The normal balance side of any asset account is the 
A) debit side
B) credit side
C) right side
D) none of these

B

The normal balance side of any liability account is the 
A) debit side
B) credit side
C) left side
D) none of these

 
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