Increase in revenue will be _______ and decrease in revenue will be __________.
Debited & Credited
Credited & debited
Either A or B
None of the above
Increase in revenue will be credited and decrease in revenue will be debited.
What entry (debit or credit) would you make to: (a) increase revenue (b) decrease in expense, (c) record drawings (d) record the fresh capital introduced by the owner.
Interest on Debentures is a/an ___ and is debited to the Profit & Loss A/c.
Whenever securities premium is not received and the shares are forfeited, what will be the treatment in Calls in Arrear A/c?