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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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