A service performed on account increases both assets and liabilities.
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Q46: A payment on account requires a credit
Q47: Both services performed on account and services
Q48: A debit represents an increase to an
Q49: A credit is recorded to increase an
Q50: The purchase of supplies on account requires
Q52: The purchase of supplies on account requires
Q53: A credit represents a decrease to a
Q54: Services performed on account requires a credit
Q55: Services performed on account requires a debit
Q56: A payment on account increases total expenses.
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