Find the correct statement:
(i) Credit | Class 11 Accountancy Chapter Recording of Transactions - 1, Recording of Transactions - 1 NCERT Solutions
Question: Find the correct statement:
(i) Credit a decrease in assets
(ii) Credit the increase in expenses
(iii) Debit the increase in revenue
(iv) Credit the increase in capital
Answer:
(iv) Credit the increase in capital
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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 24 , Question 7: Find the correct statement:
(i) Credit a decrease in assets
(ii) Credit the increase in expenses
....
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