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A credit to a liability account 1) indicates an increase in the amount owed to creditors. 2) indicates a decrease in the amount owed
A credit to a liability account 1) indicates an increase in the amount owed to creditors. 2) indicates a decrease in the amount owed to creditors. 3) is an error. 4) must be accompanied by a debit to an asset account.
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An Introduction To Categorical Data Analysis
Authors: Alan Agresti
3rd Edition
1119405262, 978-1119405269
