Question

16. Increases in liabilities are? *
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Answer 1

Answer:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry.

Answer 2

Answer:

then credit it

Step-by-step explanation:

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