If they increase, which of the following items are debited and which are credited: expenses, revenue, assets,

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If they increase, which of the following items are debited and which are credited: expenses, revenue, assets, liabilities, capital, profits, and losses?

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 26, 2024 05:00 AM

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If they increase, which of the following items are debited and which are credited: expenses, revenue, assets,

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Profit is a form of revenue so an increase in profit is a credit Losses are a f...View the full answer

Frank Woods Business Accounting Volume 1

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