Accountıng I Deneme Sınavı Sorusu #1136917

Which of the following is true for a double entry accounting system?


Assets increase on right side by crediting

Liabilities increase on left side.

Contributions to Owner’s capital increase on right side

Revenues increase on left side

Expenses increase on right side by debiting.


Yanıt Açıklaması:

Dr./Cr. Rules for Contributions (Owner’s capital): Contributions increase on right side by crediting while decrease on left side by debiting and normally show credit balance.

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