The effect of a credit entry on the balance in a ledger account is (a) Increase the balance in an asset account (b) Decrease the balance in a liability account (c) Increase the balance in asset and expenditure and decrease the balance in others (d) Increase the balance in capital, income and liabil...

The effect of a credit entry on the balance in a ledger account is (a) Increase the

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The effect of a credit entry on the balance in a ledger account is

(a) Increase the balance in an asset account

(b) Decrease the balance in a liability account

(d) Increase the balance in capital, income and liability accounts and decrease the balance in an asset or expense account

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 26, 2023 06:44 AM

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The effect of a credit entry on the balance in a ledger account is (a) Increase the

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Financial Accounting An Introduction

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