Financial Accounting

MCQ - 104-106

Question:

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

Left or credit side of the account
Right or debit side of the account
Right or credit side of the account
Right or debit side of the account

Correct Answer: D

Explanation:

Not required

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Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: When a Liability is reduced or decreased, it is recorded on the: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 104-106.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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