9. Which of the following statements is true about the debit/credit system of accounting? A. If a new asset is purchased for cash an asset account will be increased on the credit side. OB. If a new asset is purchased with a loan an equity account will be increased on the debit side. O c. If a new asset is purchased with a loan an asset account will be increased on the debit side. OD. If a new asset is purchased with a loan an asset account will be increased on the credit side