what did mordern accounting rule said
Answers
Answered by
22
Answer:
Under the Modern Approach, the accounts are not debited and credited. Hence, the Accounting Equation is used to debit or credit an account. ... Also, a transaction may affect two accounts on the debit side or two accounts on the credit side. Also, the profits will increase the Capital and losses will decrease it.
Explanation:
please mark as brain list and say thank and follow me
Similar questions
Computer Science,
3 months ago
English,
3 months ago
Chemistry,
3 months ago
Biology,
6 months ago
Math,
6 months ago
Psychology,
11 months ago
Chemistry,
11 months ago