What is the two rule to follow when changing record in liabilities and capital change/Revenue(Losses)?
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Answer: The two rules to follow when changing record in liabilities and capital change/Revenue(Losses) are.
A rise in the liabilities is credited and the drop in liabilities is debited.
A rise in the capital is credited and the drop in the capital is debited.
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☹️The two rules to follow when changing record in liabilities and capital change/Revenue(Losses) are. A rise in the liabilities is credited and the drop in liabilities is debited.
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