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A debit does which of the following? Multiple Choice Decreases the value in a liability account. Increased the value in a contra-asset account. Increases the

A debit does which of the following? Multiple Choice Decreases the value in a liability account. Increased the value in a contra-asset account. Increases the value in an asset account and also decreases the value in a liability account. Increases the value in an asset account.

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