Question

Answer these quickly.
Ques1. Fill the following blank columns on the basis of effect of transactions. Figure is given above.
Ques2. What is the meaning of debit and credit.
Correct answer will be mark braiinliest.​

Answer 1

Question 1:

Fill in the blanks columns on the basis of effect of transactions?

Answer:

Assets. Liabilities

1) Cash increase. Capital increase

2) Stock increase. Creditors increase

3) Furniture increase or. No effect

Cash decrease

4) Cash decrease. No effect

5) Cash increase. No effect

6) Cash decrease. No effect

Notes:- If we pass entry:-

Capital a/c. dr

to cash a/c.

then,. Cash decrease. Capital increase

7) Cash increase. No effect

Stock decrease

Stock decrease. Creditors increase

8) Cash increase

Cash decrease. Creditors decrease

9) Cash increase. Creditors increase

Question 2:

What is the meaning of Debi and credit?

Answer:-

1. Debit:- A debit increase asset and expense account,and decrease Liabilities,revenue or equity account.
2. Credit:- A is always positioned on the right side of an entry.It increases Liabilities,revenue or equity account and decreases assets or expenses account.

Hopefully it will be helpful to you

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Answer 2

Answer:

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Explanation:

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prakash chandra

this is my second profile

मेरा पहला मोबाइल खराब हो गया है

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sorry for disturb