Accountancy, asked by prajapatigagan702, 4 months ago

how can we find out that the thing should be debited or ctedited
please tell the correct answer only​

Answers

Answered by SparklingShimmer
3

\bold{A\: debit\: increases\: asset\: or expense\: accounts,\: and\: decreases\: liability,\: revenue\: or\: equity\: accounts.\: A\: credit\: is\: always\: positioned\: on\: the\: right\ side\: of\: an\: entry.\: It\: increases\: liability,\: revenue\: or\: equity\: accounts\: and\: decreases\: asset\: or\: expense\: accounts.}

hope it helps you .

just scroll it

Answered by vithlaniveer
0

Answer:

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