Subjective Questions on Correct the following statements 2 marks a Increase in expense is debited in the income ac........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

Correct the following statements 2 marks a Increase in expense is debited in the income ac...........

Accountancy (11th) Chapter-3 Recording of treatment-1
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    Correct the following statements.    (2 marks)

    (a) Increase in expense is debited in the income account.

    (b) Increase in liability is debited in the asset account.

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