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For Each Financial Statement Element Listed, Enter Check Marks to Reflect

Question 112

Essay

For each financial statement element listed, enter check marks to reflect the Debit = Credit concept.  Element  Debit  Credit  Increase  Decrease  Increase  Decrease  A  Assets  B  Liabilities  C  Share Capital  D Retained Earnings \begin{array} { | l | l | l | l | l | l | } \hline { \text { Element } } && \text { Debit }& & \text { Credit } & \\\hline & & \text { Increase } & \text { Decrease } & \text { Increase } & \text { Decrease } \\\hline \text { A } & \text { Assets } & & & & \\\hline \text { B } & \text { Liabilities } & & & & \\\hline \text { C } & \text { Share Capital } & & & & \\\hline \text { D} & \text { Retained Earnings } & & & & \\\hline\end{array}

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