Does a debit decrease liability

1 answer

Answer

1025993

2026-04-21 19:30

+ Follow

Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.