The correct posting in a double entry system of account when there is an increase in double assets; expenses; capital or liabilities is to debit?

By: |Published on: Dec 2|Categories: Accounting JAMB| 0 comments

A. capital and debit liabilities
B. liabilities and credit assets
C. assets and credit capital
D. capital and credit assets

Correct Answer:

Option C – assets and credit capital

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