Question: A debit may signify: an increase in a liability or an increase in a contra asset account a decrease in a liability account or

A debit may signify: an increase in a liability or an increase

A debit may signify: an increase in a liability or an increase in a contra asset account a decrease in a liability account or an increase in a contra asset account an increase in an expense account or a decrease in a liability account an increase in an asset account or an increase in a contra asset account

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