e the table below. Write DEBIT or CREDIT. Write your answer on a separate sheet of paper. Please DO NOT WRITE anything on this material. Action (DEBIT/CREDIT) Effect on the Accounting Element 1. Decreases in Capital or Equity 2. Decreases in Liabilities 3. Decreases in Revenues 4. Decreases in Expenses 5. Decreases in Assets
Answers & Comments
Answer:
1.Credit
2.Credit
3.Debit
4.Debit
5.Credit
Step-by-step explanation:
#CarryOnLearning