203. 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
Left or debit side of the account
✅ The correct answer is D.
When a liability is reduced or decreased, it is recorded on the Left or debit side of the account.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top