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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