Which of the following is true about a "debit? If part of the double entry system used in accounting to process transactions 2. It represents an increase to asset account balances 3. It represents a decrease to liability account balances. 4. It is on the nght side of an woclount:

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Which of the following is true about a &#34;debit? If part of the double entry system used in accounting to process transactions 2. It represents an increase to asset account balances 3. It represents a decrease to liability account balances. 4. It is on the nght side of an woclount:

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