Question: Question 1 8 ( 1 point ) payable. When a firm pays off its liabilities by using cash, it should credit both the liabilities and
Question point
payable".
When a firm pays off its liabilities by using cash, it should
credit both the liabilities and assets accounts.
debit the liabilities and credit assets accounts.
debit both the liabilities and assets accounts.
credit the liabilities and debit assets accounts.
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