Which of the following is true regarding posting transactions into T accounts in the ledger Credits are posted on the left debits are posted on the right Debits are posted on the left credits are posted on the right For asset accounts, credits are posted on the left For liability accounts, debits a...

The correct option is c Debits on the left credits on the right Under T ...

Which of the following is true regarding posting transactions into T-accounts in the ledger? Credits are posted

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Which of the following is true regarding posting transactions into T-accounts in the ledger?

Credits are posted on the left; debits are posted on the right.
Debits are posted on the left; credits are posted on the right.
For asset accounts, credits are posted on the left.
For liability accounts, debits are posted on the right

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Oct 23, 2022 07:49 AM

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Which of the following is true regarding posting transactions into T-accounts in the ledger? Credits are posted

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The correct option is c Debits on the left credits on the right Under T... View the full answer

Financial ACCT2

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