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The correct posting in a double entry system of account when there is an increase in double assets, expenses, capital or liabilities is to debit
Question 1
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The correct posting in a double entry system of account when there is an increase in double assets, expenses, capital or liabilities is to debit
capital and debit liabilities
liabilities and credit assets
assets and credit capital
apital and credit assets
Answer Details
Read lesson note on The Accounting Equation And Double Entry Principle (WAEC)
Read lesson note on Principles Of Double Entry (JAMB)
The Accounting Equation And Double Entry Principle
Principles Of Double Entry
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