The T-account looks like the letter T, with a horizontal line bisected by a vertical line.Increases in liabilities appear on the right side, and decreases in liabilities appear on the left side of T-accounts.

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This statement is true. T-accounts are used to represent a company's general ledger accounts, with the left side representing debits and the right side representing credits. Increases in liabilities would result in a credit entry, which would appear on the right side of the T-account. Decreases in liabilities would result in a debit entry, which would appear on the left side of the T-account.

The T-Account Looks Like the Letter T, with a Horizontal