When we make a debit entry we are either:
i. Increasing the value of an asset.
ii. Reducing the value of a liability.
iii. Reducing the value of capital.
When we make a credit entry we are either:
i. Reducing the value of an asset.
ii. Increasing the value of a liability.
iii. Increasing the value of capital.
Wilfykil answered the question on February 28, 2019 at 06:21
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Sh.
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Equipment 46,000
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Debtors 23,080
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Cash in hand 160
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Omolo- Sh. 27,000
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March 6: Paid wages in cash Sh. 14,000
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Jane- Sh. 42,000
Juma- Sh. 72,000
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Date posted: February 27, 2019. Answers (1)
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Date posted: February 27, 2019. Answers (1)
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