Because left-side and right-side amounts must have equal totals, and because increases in assets are always recorded

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Because left-side and right-side amounts must have equal totals, and because increases in assets are always recorded on the left side, increases in liability accounts, such as notes payable, are always recorded on the [left / right] side.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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