Question: Identify, by indicating the relevant box in the table below, whether each of the following statements is true or false. A debit records an increase

Identify, by indicating the relevant box in the table below, whether each of the following statements is true or false.

A debit records an increase in True False liabilities.

A debit records a decrease in True False assets.

A credit records an increase in True False liabilities.

A credit records an decrease in True False capital.

(2 marks)

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