Question: Double Entry Book Keeping Rules Chapter -03 7) Which of the following is correct? a) A debit entry will increase non-current assets A debit entry

Double Entry Book Keeping Rules Chapter -03 7) Which of the following is correct? a) A debit entry will increase non-current assets A debit entry will decrease drawings A credit entry will increase trade payables b) A debit entry will increase bank overdraft A debit entry will decrease trade payables A credit entry will increase profit c) A credit entry will decrease drawings A credit entry will increase profit A credit entry will decrease fixed assets d) A debit entry will increase profit A credit entry will decrease drawings A credit entry will increase bank overdraft

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