Increase in liability will be recorded in _______ side of liability account Options: A . &nbspCredit B . &nbspDebit C . &nbspBoth A & B D . &nbspNone of these

Increase in liability will be recorded in ______

Question

Increase in liability will be recorded in _______ side of liability account

Options:

A . Credit

B . Debit

C . Both A & B

D . None of these

Answer: Option A
:
A
Increase in liability will be recorded in credit side of liability account

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Question 1. Which of the following is not correct with regards to ledger ?....

Question 2. The standard format of journal does not include which of the following?....

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Question 9. Which of the following is not another name for journal?....

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