Question: What is the proper way to record a decrease in an asset account and a decrease in a liability account? Asset, credit; liability, debit Asset,

What is the proper way to record a decrease in an asset account and a decrease in a liability account?

  • Asset, credit; liability, debit
  • Asset, credit; liability, credit
  • Asset, debit; liability, debit
  • Asset, debit; liability, credit

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