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When a liability is reduced or decreased it is recorded on...

This question belongs to Commerce Accounting
Accounting
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When a liability is reduced or decreased, it is recorded on the:

Answer & Solution
Correct Answer: Option D
When a liability is reduced or decreased, it is recorded on the Left or debit side of the account.
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2 Comments
Irfan Farooq
Irfan Farooq 2 years ago
When a liability is reduced or decreased, it is recorded on the:
C. Right or credit side of the account
C OPTION IS CORRECT
Rashmiranjan Mishra
Rashmiranjan Mishra 4 years ago
Need more clarity in solution.
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