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Which of the following statements are correct regarding the sides of a T-account? (Check all that apply.) The right side is called the credit side.
Which of the following statements are correct regarding the sides of a T-account? (Check all that apply.)
The right side is called the credit side.
The left side is called the debit side.
The left side is called the credit side.
Liability accounts are increased on the right side.
Liability accounts are increased on the left side.
Asset accounts are increased on the right side.
Asset accounts are increased on the left side.
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