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Suta tax payable increases on the debit side of the account True or false?
Wiki User
∙ 14y ago
False, any "payable" regardless of the type will increase the liabilities which has a Credit Balance. Payables are what the company owes but has not yet paid and are considered a liability until they are paid thus increasing liabilities with an increase to the credit side of the balance sheet.
There for Suta Tax Payable would be a liability which increase with credit and decrease with debit.
Wiki User
∙ 14y ago
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