Connect Access Card for Fundamental Accounting Principles
Connect Access Card for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259693878
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 2, Problem 7QS
To determine

Concept Introduction:

In double entry system of accounting, giving the same effect to the nature of account increases the balance, whereas the opposite effect to the nature of account reduces the balance.

To determine: Whether a debit or credit increases/ decreases the normal balance of each of the accounts.

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Connect Access Card for Fundamental Accounting Principles

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