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Debit & Credit for CLEAR

When a liabil...

Question

When a liability is reduced or decreased, it is recorded on ___ in the journal.

A

Credit side

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B

Debit side

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C

Credit side

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D

Debit side

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Solution

The correct option is D
Debit side

When a liability is reduced or decreased, it is recorded on debit side in the journal.

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