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How credits are used to record

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Reference no: EM132624207

Problem 1: Debits are recorded on the _______ side of the T-account:

Option 1: left

Option 2: right

Option 3: left or the right

Problem 2: Credits are used to record

Option 1: decreases in assets and owner's equity and increases in liabilities.

Option 2: decreases in assets, liabilities, and owner's equity.

Option 3: decreases in liabilities and increases in assets and owner's equity.

Option 4: increases in liabilities and owner's equity.

Reference no: EM132624207

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