FUNDMENTAL OF ACCOUNTS
This query is : Open
28 July 2009
why all assets are debited & all liablities are credited ?
28 July 2009
Sir,
At times assets are credited(when there is a decrease in assets). Same is the case with liabilities, but in reverse direction.
At times assets are credited(when there is a decrease in assets). Same is the case with liabilities, but in reverse direction.
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