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A debit to assets in a double-entry accounting system has what effect? a. An increase in an assets account and a decrease somewhere else. b.
A "debit" to assets in a double-entry accounting system has what effect?
a. An increase in an assets account and a decrease somewhere else.
b. A decrease in an assets account and an increase somewhere else.
c. A decrease in income and an increase in equity.
d. An increase in expenses and a decrease in liabilities.
e. A decrease in a shareholder equity account.
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