Debit is the increase in asset and expenses while there is a decrease in liability, revenue and capital.
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Q14: The IFRS are specifically meant for conventional
Q15: Credit is an increase in assets, revenue
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Q18: International Financial Reporting Standards IFRS. are a
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Q21: The accounting equation states that assets =
Q22: Auditing is the branch of accounting that
Q23: To have a balanced account, total credits
Q24: Financial statements analysis is also called Horizontal
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