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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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Question

Fill in the blank:

Increase in asset is debited and decrease in asset is ______

Fill in the Blanks
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Solution

Increase in asset is debited and decrease asset is credited.

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

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 5. 1) | Page 40
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