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What is the loss payee clause address for Ford motor credit not general liability?
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How is a liability increased by a credit or debit?
Liability has credit balance as normal balance so credit increases the liability which means addition to current liability will increase the overall liability and reduction in liability will reduce overall liability.
Where will you put mortgage payable on a general ledger?
credit mortgage payable in the liability side of the balance sheet
How do you enter accrued expenses in the general ledger?
Accrued expenses are entered as liabilities in the general ledger. Debit expense and credit accrued liability.
How do you increase a liability?
A liability account is a credit account, and credit accounts can be increased by writing a credit in the journal entry. Therefore, a liability is increased by crediting it.
What clause says each state must recognize and accept the legal acts of other states?
Article IV Section 1 The Full Faith and Credit Clause.
American Express trying to get employee to pay for company issued credit card?
your company got you to sign an authorisation form when you took your company credit card. This form contains a joint and several liability clause. This clause means that if your company does not pay their credit card bill then you will be liable for it. Is this unfair? Yes. You should categorically refuse to sign one of these/
What principle keeps one state from denying the validity of a birthcertificate that was issued bby another state?
Full Faith and Credit Clause
What is red clause credit?
A Green Clause Without Collateral
How do you record an increase in a liability account?
Any increase is an credit for a liability
What would decrease liability?
Debit balance would decrease the liability as credit balance increases the liability.
Does accrued salaries have a debit or credit balance?
Credit; liability accounts are always credit
What clause allowed federal government to expand its power?
elastic clause
