Question

state whether following is debit or credit
1. cost of goods sold
2. closing stock
3. debtors
4. creditors
5. fixed asset
6. opening stock
7. expenses
8. sales
9. capital​

Answer 1

Answer:

Explanation:

Debit

3) debtor

6) opening stock

7) expense

9) capital

credit

1) cost of goods sold

2) closing stock

4) creditor

5) fixed asset

8) sales