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Accounting Final
?
A credit to a liability account
indicates an increase in the amount owed to creditors.
indicates a decrease in the amount owed to creditors.
is an error.
must be accompanied by a debit to an asset account.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
indicates an increase in the amount owed to creditors.
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