The normal balance side of a liability account is the debit side.
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Q1: Increases in assets and revenue are both
Q3: Financial statements are prepared after the trial
Q4: Increases in the owner's drawing account are
Q5: If the total of the amounts on
Q5: An increase in an expense results in
Q6: When developing a chart of accounts, the
Q11: Debit entries increase asset, drawing, expense and
Q11: After transactions for the period have been
Q14: Increases in assets and expenses are both
Q15: Credits increase Liabilities, Owner's Equity, and Revenue.
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