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Question Practice

A payment made to settle a liability is recorded as?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

A payment made to settle a lia...

Single Answer MCQ
Q-00053905

A payment made to settle a liability is recorded as?

1

Debit to Cash

2

Credit to Cash

3

Debit to Liability

4

Credit to Asset

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