Question

What entry (debit or credit) would you make to

i. increase revenue,

ii. decrease in expense

iii. record drawings,

iv. record the fresh capital introduced by the owner.​

Answer 1

Answer:

The following entry will be made in the above case

(a) Increase revenue Credit entry will be made in this case.

(b) decrease in expense Debit entry will be made in this case.

(c) Records drawings Debit entry will be made in this case.

(d) Fresh capital introduced by the owner Credit entry will be made in this case.

Explanation:

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