3. Addition of a computer lab to the building Rs 60,000
a) Revenue
b) Capital
c) D.R. Expenses
d) None
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c) D.R. Expenses.................
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D.R. Expenses
Debit and Credit really do not have significance. They are only different sides of bookkeeping passages, rather motions toward show whether something has gone up or down. As opposed to the conviction that Debit implies approaching and Credit implies active, they are simply motions toward show whether the bookkeeping components (resources, costs, liabilities, value, and income) have expanded or diminished. For example, Assuming you purchase a resource, there is an expansion in resources so you conveyor flag it by charging it.
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