A entry to a liability account decreases the account balance

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asked Nov 21, 2021 73.2k views

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Twinsen · Answer 1 · 2021-11-25T19:14:28+0000

Answer:

Asset accounts. A debit increases the balance and a credit decreases the balance. Liability accounts. A debit decreases the balance and a credit increases the balance.

Step-by-step explanation:

A entry to a liability account decreases the account balance

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