Liabilities decrease on the debit side-true or false

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Reference no: EM133009730

Problem 1: The opening balance forAT&T account is taken from the balance sheet
True or false

Problem 2: all accounts increase on the same side
True or false

Problem 3: When the opening amount is set up in a T account is it is placed on the same side as it appears on the balance sheet
True or false

Problem 4: every item on the balance sheet is a separate account in the ledger
True or false

Problem 5: The left side of an account is called the debit side
True or false

Problem 6: Liabilities decrease on the debit side
True or false

Problem 7: A capital account usually has a debit balance
True or false

Problem 8: assets increase on the debit side
True or false

Problem 9: A trail balance is 112 for checking the accuracy of eight ledger

true or false

Reference no: EM133009730

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