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Question Practice

What does the term 'debit' signify in accounting?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

What does the term 'debit' sig...

Single Answer MCQ
Q-00053943

What does the term 'debit' signify in accounting?

1

Increase in liabilities

2

Increase in assets

3

Decrease in expenses

4

Decrease in capital

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