A debit signifies a decrease in a. expenses Oa. Ob. assets Oc. Od drawing revenues

Question

Question

Answer 1

Answer #1

Answer for the question -

c. Revenue

Explanation -

a. Expenses - Decrease of expenses defines increase credit.

b. Assets - Decrease of assets defines credit.

c. Revenue - Decrease of Revenue defines Debit.

d. Drawings - Decrease of Drawings defines Credit.

Answer 2

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