A debit may signify: A. an increase in an asset account. B. a decrease in an asset

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A debit may signify:

A. an increase in an asset account.

B. a decrease in an asset account.

C. an increase in a liability account.

D. an increase in the capital stock account.

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Financial Accounting

ISBN: 9780324188035

9th Edition

Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess

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