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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 57
According to the rules of debit and credit for balance sheet accounts:
a.ncreases in asset, liability, and owners' equity accounts are recorded by debits.
b.ecreases in asset and liability accounts are recorded by credits.
c.ncreases in asset and owners' equity accounts are recorded by debits.
d.ecreases in liability and owners' equity accounts are recorded by debits.
a.ncreases in asset, liability, and owners' equity accounts are recorded by debits.
b.ecreases in asset and liability accounts are recorded by credits.
c.ncreases in asset and owners' equity accounts are recorded by debits.
d.ecreases in liability and owners' equity accounts are recorded by debits.
Explanation
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a) Debit and Credit rules for Balance Sh...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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