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Posted on February 6, 2023 by Srinu Kalyan

What Causes an Increase in the Liability Account?

A debit transaction on the liabilities side of the balance sheet, which is on the right side of the balance sheet, causes a decrease in the liability account, whereas a credit transaction would cause an increase in the same account.

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Srinu Kalyan

Srinu Kalyan

Principal & CEO
Remote Books Online LLC

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