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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

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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