Which of the following will be debited according to the double entry rule?O a. Increase in CapitalO b. Increase in AssetO c. Decrease in ExpensesO d. Decrease in Cash

Answered: Which of the following will be debited…

Business

Accounting

Which of the following will be debited according to the double entry rule?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5MCQ

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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.

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Which of the following will be debited according to the double entry rule?
O a. Increase in Capital
O b. Increase in Asset
O c. Decrease in Expenses
O d. Decrease in Cash

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