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Why assets and expenses debited

Answers were Sorted based on User's Feedback



Why assets and expenses debited..

Answer / neha

Its depend upon the golden rules of account. They are:-

1) Personal Account: "Debit the Receiver,Credit the Giver".

2) Real Account: "Debit what comes in, Credit what goes
out".

3) Nominal Account: "Debit all expenses & losses, Credit
all incomes & gains".

Hope u'll get ur answer.

Is This Answer Correct ?    10 Yes 3 No

Why assets and expenses debited..

Answer / saddam hussain

Assets and Expenses are debited because the normal balance
of assets and expenses are debit.so when they are increased
then debit and when decreased then credit.

Is This Answer Correct ?    4 Yes 0 No

Why assets and expenses debited..

Answer / faheem khan

when expenses r made owner's equity reduces and income is occured owner' sequity increases

Is This Answer Correct ?    1 Yes 0 No

Why assets and expenses debited..

Answer / anil yadav

Assets and expences debitd
All expences in debited.
Assets expences so shown in debitd

Is This Answer Correct ?    3 Yes 3 No

Why assets and expenses debited..

Answer / rich kofi

expenses are debited because they reduce bank or cash balances.

Is This Answer Correct ?    0 Yes 2 No

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