Answered

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To increase a liability, you will record it as

A. a credit

B. current

C. noncurrent

D. debit

Sagot :

mackjayw

Answer:

The answer is A.) a credit

Step-by-step explanation:

I hope this helps!

Skyemccuistion

Answer:

If you ask a banker whether debiting or crediting a liability increases the account’s balance, the financier will tell you it depends on the transaction. The same answer holds true for accounting procedures, even though banking debits and credits are distinct from accounting practices. To understand the effects of journal entries on financial accounts, it’s important to master such terms as liability, record keeping and financial reporting.

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