Question: Complete the following table by selecting Debits or Credits. Increases in asset accounts are Decreases in asset accounts are Increases in liability accounts are Decreases
Complete the following table by selecting Debits or Credits.
Increases in asset accounts are Decreases in asset accounts are Increases in liability accounts are Decreases in liability accounts are Debits Credits [Dr. /Cr.] [Dr. / Cr.] [Dr./Cr.] [Dr. / Cr.] Increases in equity accounts are. [Dr. / Cr.] Decreases in equity accounts are [Dr. / Cr.] Increases in revenue accounts are [Dr. / Cr.] Increases in expense accounts are [Dr. / Cr.]
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