Knowledge Check $01$

Which of the following statements are true with regards to asset accounts?

Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.

check all that apply

Assets are on the left$-$side of the accounting equation.unanswered

Assets are on the right$-$side of the accounting equation.unanswered

Assets are increased with debits.unanswered

Assets are increased with credits.unanswered

Assets are decreased with debits.unanswered

Assets are decreased with credits.