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Which of the following is not correct?
Question 1
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Which of the following is not correct?
increases in asset accounts are entered on the debit side
decreases in assets accounts are entered on the credit side
increases in liability accounts are entered on the credit side
decreases in liability accounts are entered on the credit side
Answer Details
Read lesson note on The Accounting Equation And Double Entry Principle (WAEC)
The Accounting Equation And Double Entry Principle
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