CA Foundation Debitcredit — practice questions

Explore 1 free Debitcredit questions in CA Foundation Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

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Debitcredit questions and exercises with answers

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According to the modern rules, an increase in an asset is recorded as aRead the answer and worked solution →

Worked practice questions

According to the modern rules, an increase in an asset is recorded as a

contra entry
suspense entry
credit
debit

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Correct answer: D. debit

Under modern rules, assets increase on the debit side ('debit what comes in / increase in asset').

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