Which of the following is true about a "debit"?

I. It is part of the double-entry procedure that keeps the accounting equation in balance.

II. It represents an increase to assets.

III. It represents a decrease to liabilities.

IV. It is on the right side of a T-account.

A) I and II.

B) IV only.

C) I, II, and III.

D) I, II, III, and IV.

Answer: C