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Lesson No. 4 – Financial Accounting Course 2019 – Debit and Credit

Welcome to your Lesson No. 4 - Financial Accounting Course 2019 - Debit and Credit

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What should be credited, if rent paid in cash?
Which of the following account would be credited when the owner of business sold machinery of Rs. 10,000 for cash?
A purchase of furniture for cash should be debited to:
Which concept of an accounting describes that for every debit there is a credit?
Which of the following system of recording transactions is based on dual aspect concept of accounting?

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