Accountıng I Deneme Sınavı Sorusu #1136917
Which of the following is true for a double entry accounting system?
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Assets increase on right side by crediting |
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Liabilities increase on left side. |
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Contributions to Owner’s capital increase on right side |
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Revenues increase on left side |
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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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