Question

All capital liabilities income and gains are to recorded on ..... Side Debit Credit Either both

Answer 1

Answer:

Debits and credits are equal but opposite entries in your books. If a debit increases an account, you will decrease the opposite account with a credit. A debit is an entry made on the left side of an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.

Explanation:

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