Hello
can anyone help me?
one of the questions in my book is the below:
an increase or a decrease in an asset or liability or capital will result in either a debit or a credit to the asset, liability or capital accounts.
indicate wherever a debit or credit will result from the transactions below:
Capital account increase (dr or cr)
liability account increase (dr or cr)
asset account decrease (dr or cr)
liability account decrease (dr or cr)
asset account increase (dr or cr)
can someone explain to me which they would be and why?
thanks !!![:s]( ":s")
can anyone help me?
one of the questions in my book is the below:
an increase or a decrease in an asset or liability or capital will result in either a debit or a credit to the asset, liability or capital accounts.
indicate wherever a debit or credit will result from the transactions below:
Capital account increase (dr or cr)
liability account increase (dr or cr)
asset account decrease (dr or cr)
liability account decrease (dr or cr)
asset account increase (dr or cr)
can someone explain to me which they would be and why?
thanks !!
