Question

Fill in the blanks with suitable word / words :
i. Assets accounts always have _________ balance.
ii. Liability accounts always have _________ balance.
iii. The capital account generally has ___________ balance.
iv. The revenue and expenses accounts are closed by taking the balances
to ________.

Answer 1

1. debit
2.credit
3.credit
4.balance c/d
I hope you understand
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