Accountancy, asked by adishetty, 1 year ago

state the rulesof debit and credit of capital​

Answers

Answered by vk87040
1

Explanation:

Asset accounts normally have debit balances, while liabilities and capital normally have credit balances. Income has a normal credit balance since it increases capital . On the other hand, expenses and withdrawals decrease capital, hence they normally have debit balances. ... Therefore, to inc

Answered by lalithasri23
0

Answer:

Rule:all accounts that normally contain s a debit balance will increase in amount when a debit is added to them and reduced when a credit is added to them the type of account to which this rule applies are expenses, assist and dividends

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