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12-02-2020
Business

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Which of the following accounts are debited to record increases? a.expenses and liabilities b.assets and expenses c.assets and liabilities d.drawing and liabilities

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tutordamola tutordamola

13-02-2020

Answer:

The answer is B. b.assets and expenses

Explanation:

Debit increases asset and expenses and credit decreases assets and expenses.

Credit increases revenue, owner's equity and liability while debit deceases revenue, owner's equity and liability

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