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Liabilities increase on the debit side- true or false

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Reference no: EM133009729

Problem 1: The greater the total assets figure, the greater the owners equity.
True or false

Problem 2:  another term for creditor is Accounts Payable
True or false

Problem 3: liabilities increase on the debit side
True or false

Problem 4: For every businesses transaction there must be at least one debit and one credit entry
True or false

Problem 5: The correct abbreviation for debit is DB
True or false

Reference no: EM133009729

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