True/False Questions 1. To debit an account is to enter an amount on the left side of the account. 2. Liability accounts normally have debit balances. 3. Increases in owner’s equity are entered as...

1. To debit an account is to enter an amount on the left side of the account.

2. Liability accounts normally have debit balances.

3. Increases in owner’s equity are entered as credits.

4. Revenue accounts normally have debit balances.

5. To credit an account is to enter an amount on the right side of the account.

6. A debit to an asset account will decrease it.