Accountancy, asked by waqarahmad0618, 1 year ago

write the types and accounting rules of accounts

Answers

Answered by tr467

2

Answer:

Modern Rules of accounting (Classification of Accounts):

Types of Account Account to be debited Account to be credited

Assets account Increase Decrease

Liabilities account Decrease Increase

Capital account Decrease Increase

Revenue account Decrease Increase

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