Item8 1 points Time Remaining 18 minutes 53 seconds 00:18:53 Item 8Item 8 1 points Time Remaining 18 minutes 53 seconds 00:18:53 Identify the statement below that is correct. Multiple Choice The left side of a T-account is the credit side. The left side of a T-account is the debit side. Credits increase asset and expense accounts, and decrease liability, equity, and revenue accounts. In certain circumstances the total amount debited need not equal the total amount credited for a particular transaction. Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts.