Accountancy, asked by yadpreetsinghsidhu, 1 year ago

increase in asset will be​

Answers

Answered by akumarkone
6

In a general ledger, increases in assets are recorded as debits. Decreases in assets are recorded as credits. Inventory has increased so it's debit and cash decreased. This requires a credit entry.

Answered by vish143690
39

Answer:

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Explanation:

In a general ledger, increases in assetsare recorded as debits. Decreases inassets are recorded as credits. Inventory has increased so it's debit and cash decreased. This requires a credit entry.

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