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

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Fill in the Blanks

Fill in the blank:

Increase in asset is debited and decrease in asset is ______

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Solution

Increase in asset is debited and decrease asset is credited.

Concept: Study of Double Entry Book-keeping System
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercises | Q 5. 1) | Page 40
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