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A credit to a liability account O indicates a decrease in the amount owed to creditors. O must be accompanied by a debit to
A credit to a liability account O indicates a decrease in the amount owed to creditors. O must be accompanied by a debit to an asset account. O is an error. O indicates an increase in the amount owed to creditors.
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
