Are Liability Accounts Increased by Debits or Credits

question 108

Essay

Are liability accounts increased by debits or credits?

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Definitions:

Y-Intercept

The point at which a line crosses the y-axis in a Cartesian coordinate system.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Predicted Value

An estimated value calculated within the context of a statistical model based on existing observations and variables.

Y-Intercept

The point where a line crosses the Y-axis in a graph or chart.