Question

1- Normally, liability $ capital has credit balances but how $ why?
2- How credit increases liability and debit decreases liability?

Answer 1

Bonjour!

Your Answer Is:✔️ ✔️ Asset accounts normally have debit balances, while liabilities and capital normally have credit balances. ... When you place an amount on the normal balance side, you are increasing the account. If you put an amount on the opposite side, you are decreasing that account. Therefore, to increase an asset, you debit it.

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