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  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 3: Beginning the Accounting Cycle: Journalizing, Posting, and the Trial Balance
  5. Question
    Liabilities Increase on the Credit Side of the Account and Decrease
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Liabilities Increase on the Credit Side of the Account and Decrease

Question 1

Question 1

True/False

Liabilities increase on the credit side of the account and decrease on the debit side.

Correct Answer:

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