Fill in the blank: Increase in asset is debited and decrease in asset is ______ - Book Keeping and Accountancy

Fill in the Blanks

Fill in the blank:

Increase in asset is debited and decrease in asset is ______

Increase in asset is debited and decrease asset is credited.

Concept: Study of Double Entry Book-keeping System

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Chapter 2: Meaning and Fundamentals of Double Entry Book-Keeping - Exercises [Page 40]

Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercises | Q 5. 1) | Page 40

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