Find the correct statement:(i) Credit a decrease in assets(ii) Credit the increase in expenses(iii) Debit the increase in revenue(iv) Credit the increase in capital

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...
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Find the correct statement:
(i) Credit a decrease in assets
(ii) Credit the increase in expenses
(iii) Debit the increase in revenue
(iv) Credit the increase in capital

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