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    Financial Accounting
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    Exam 2: The Basics of Record Keeping and Financial Statement Preparation: Balance Sheet
  5. Question
    The T-Account Looks Like the Letter T, with a Horizontal
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The T-Account Looks Like the Letter T, with a Horizontal

Question 54

Question 54

True/False

The T-account looks like the letter T, with a horizontal line bisected by a vertical line.Increases in liabilities appear on the right side, and decreases in liabilities appear on the left side of T-accounts.

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