An increase in assets and an increase in liabilities is the same as saying assets have been debited and liabilities have been credited.
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Q1: A trial balance is prepared to check
Q3: The worksheet approach and the T account
Q4: The owner of an entity pays cash
Q5: A credit entry is used to record
Q6: Decreases in assets are credited, and increases
Q7: As used in accounting, what do the
Q8: The recording of transactions in the worksheet
Q9: Which of the following does not normally
Q10: On 1 August XYZ Ltd issued $240
Q11: The ledger accounts for accumulated depreciation and
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