The assets of a business may consist of a number of items, such as liability account is

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The assets of a business may consist of a number of items, such as

liability account is debited
cash
expenses
cash and owner's equity

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 09, 2022 07:05 AM

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The assets of a business may consist of a number of items, such as liability account is

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Expert Answer:

1A debit to a liability account means the business doesnt owe so much ie reduces the liability and a ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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