Question

2 2. State whether the following statements are True or False.
i An in erease in capital is recorded on the debit side
Salary Paid is a Nominal Account
Credit voucher is prepared when payment is made
Transfer voucher are prepared for cash transations
Loan from bank will reduce the amount of capital​

Answer 1

Explanation:

increase in capital cannot be recorded in the debit side it is false

true, salary paid is a nominal account

false, credit voucher cannot be prepared when payment was made

true, transfer voucher are prepared for cash transaction

loan from bank will reduce the amount of capital, true