Liability Accounts Should Only Be Debited and Never Credited

question 48

True/False

Liability accounts should only be debited and never credited.

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Definitions:

Eukaryotic Cell

A type of cell characterized by the presence of a nucleus enclosed within a membrane, distinct from prokaryotic cells, which lack a nucleus.

Basic Unit

the simplest, most fundamental constituent, component, or structure in a system that defines its properties and functions.

Cells

The basic building blocks of all living organisms, ranging from single-celled bacteria to complex multicellular animals and plants.

Earth

The third planet from the Sun, characterized by its vast oceans, diverse ecosystems, and unique ability to support life.