Accountancy, asked by dixitbhanot22, 7 months ago

Increase is an asset account is recorded
on its debit side? Guire reason?​

Answers

Answered by Anonymous
48

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Asset accounts get increased with debit entries, and expense account balances increase during the accounting period with debit transactions. The results of revenue income and expense accounts are summarized, closed out and posted to the company's retained earnings at the end of the year...

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