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Theory Base of Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting1 Mark
MCQ
Credit means:
  • A
    An increase in asset.
  • ✓
    An increase in liability.
  • C
    A decrease in liability.
  • D
    A decrease in proprietor's equit;
✓

Answer

Correct option: B.
An increase in liability.
An increase in liability.

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