Why exp is debited and pary to be credited
Answers!
What is liability increase or decrease and
Why profit is debited and loss is credited where as profit is income
Comment
because as per Debit Credit Rules
ALL EXPENSE ARE DEBITED
LIABILITY IF INCREASED ARE CREDITED
LEARN MORE HERE
https://www.teachoo.com/804/246/Rules-for-Debit-Credit/category/Rules-For-Debit-Credit/
Answer the question...
What is liability increase or decrease and
Why profit is debited and loss is credited where as profit is income
Why profit is debited and loss is credited where as profit is income
Comment
because as per Debit Credit Rules
ALL EXPENSE ARE DEBITED
LIABILITY IF INCREASED ARE CREDITED
LEARN MORE HERE
https://www.teachoo.com/804/246/Rules-for-Debit-Credit/category/Rules-For-Debit-Credit/