Shuth of the following Ore corect1 Lol Asset Entryin the Nc DR Accounfs To recald a decreave an froase a decrease CR an at Capital DR an increase Thablitie a dec ease DR an inoroase s and riu U and (i W and (i)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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shith 아 he
folguoing
Ore ColrectT
onty Loot
Asset
Entryin the Ac
DR
Accounts To recald
a decreave
an frease
a decrease
CR
y Capitat
DR
an increase
Thablitie
a dea ease DR
enty
an inoroase
s and ri
J and (i)
U and (iri)
lohidh of the folowiy Statenent is Correct?
A
Cohen
assets iacreasd. are debited
B When assets increare. are Crodited
C lohen acatsincreave, are
debited and credited
2 Lohich ledger antries record the purchave of a machiere boughtoncredit
Cr Machinery
Oroditos
C Dr Creditors GPurchae
A De Creditors
O D. Modhierg
cr
(25 What istu purpose of double antry bookkeoping?
ATo apply te ckual
B To aboidarroo
aspect Corcopt
papore books of prime antry accuratoly
こ
Transcribed Image Text:shith 아 he folguoing Ore ColrectT onty Loot Asset Entryin the Ac DR Accounts To recald a decreave an frease a decrease CR y Capitat DR an increase Thablitie a dea ease DR enty an inoroase s and ri J and (i) U and (iri) lohidh of the folowiy Statenent is Correct? A Cohen assets iacreasd. are debited B When assets increare. are Crodited C lohen acatsincreave, are debited and credited 2 Lohich ledger antries record the purchave of a machiere boughtoncredit Cr Machinery Oroditos C Dr Creditors GPurchae A De Creditors O D. Modhierg cr (25 What istu purpose of double antry bookkeoping? ATo apply te ckual B To aboidarroo aspect Corcopt papore books of prime antry accuratoly こ
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