Accountancy, asked by divyajjwala, 1 year ago

investment debit or credit​

Answers

Answered by malhijaspal75
0

Answer:

You would debit inventory because it is an asset account that increases in this transaction and accounts payable is credited to a liability account that increases because the inventory was purchased on credit. Cash increases when you make the investment.

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Answered by LalitmGoyal
1

Investment is credit because we are giving the money, on the contrary debit is withdrawing money.

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