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In Business / High School | 2025-07-06

If an entry is made on the left side of an account ledger, which of the following does this indicate?
A. An increase in liabilities
B. A decrease in expenses
C. A decrease in resources
D. An increase in assets

Asked by yk9frfb7rn

Answer (2)

When an entry is made on the left side of an account ledger, it indicates a debit. A debit entry typically reflects an increase in assets in accounting. Therefore, the correct interpretation in this case is that it signifies an increase in assets. ;

Answered by GinnyAnswer | 2025-07-06

A left-side entry in an account ledger indicates a debit, which typically reflects an increase in assets. Thus, the correct interpretation is that it signifies an increase in assets. This is a fundamental aspect of accounting practices.
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Answered by Anonymous | 2025-07-08

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