If the Debit Portion of an Adjusting Entry Is to an Asset

question 47

True/False

If the debit portion of an adjusting entry is to an asset account, then the credit portion must be to a liability account.

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Definitions:

Languaging

Languaging refers to the process of using language to construct knowledge and meaning.

Living-the-Art

The practice of integrating creative or artistic processes into daily life, emphasizing the experiential and expressive aspects of art in personal development.

Patient

A patient is an individual who receives care or treatment from healthcare professionals due to illness or injury.

Nurse

A nurse is a professional trained to care for sick or injured individuals and to support health practitioners in various medical settings.