In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.
Answer Posted / anil ahuja
Liablities and incomes are always have Credit Balance and
Assets & Income are always have Debit Balance
Is This Answer Correct ? | 2 Yes | 3 No |
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