Which of the following is False about the left side of a T - account ? A. It reflects a decrease in owner's capital account . B. It reflects the normal balance of equity . C. It reflects an increase in expenses account . D. It reflects an increase in assets account .

Which of the following is False about the left side of a T - account ? A. It reflects a decrease in owner's capital account . B. It reflects the normal balance of equity . C. It reflects an increase in expenses account . D. It reflects an increase in assets account .

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 30MC: Which of the following accounts does not increase with a debit entry? A. Retained Earnings B....

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Question

Which of the following is False about the left side of a T - account ?

A. It reflects a decrease in owner's capital account .

B. It reflects the normal balance of equity .

C. It reflects an increase in expenses account .
D. It reflects an increase in assets account .

Expert Solution

Step 1:- Concept Used

This Numerical has covered the concept of Normal Balance of Accounts and T-Accounts also. The left side of T-Accounts is noted as the Debit side and the Right side of T-Accounts is noted as the Credit side. The Detailed Concept discussed in Step 2.

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