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Accounting Procedures Rules of Debit and Credit — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Procedures Rules of Debit and Credit1 Mark
Question
To record an increase in a Liability Account, it must be credited. Why?
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Answer

Increase in liability means the firm has received the benefit for which payment is yet to be made, thus, liability is credited.

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