When Capital is increased by an amount, it is recorded on the: Select one: a. Right or credit side of the account b. Right or debit side of the account c. Left or credit side of the account d. Left or debit side of the account

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A: Debt is the liability incurred by the company by borrowing for its financial needs.

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A: The Answer is false Refer step2 for explanation

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A: Liabilities, common stock and revenues will be increased with a credit.

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A: Introduction: Capital: Owners contribution in business called as Capital.

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A: As per IFRS 9  Financial instruments standard an equity is an residual interest in company assets…

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.