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Examveda

When a liability is reduced or decreased, it is recorded on the:

A. Left or credit side of the account

B. Right or debit side of the account

C. Right or credit side of the account

D. Left or debit side of the account

Answer: Option D

Solution(By Examveda Team)

When a liability is reduced or decreased, it is recorded on the Left or debit side of the account.

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