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Worked practice questions CA Foundation · Accounting · Debit or Credit (Modern Rules) Read exercise and reference answers Items Item Increase in asset Answer left Item Decrease in asset Answer right Item Increase in liability Answer right Item Decrease in liability Answer left Item Increase in expense Answer left Item Increase in revenue/income Answer right Categories Left Debit (Dr) Right Credit (Cr) Instructions Sort each transaction effect: debit or credit? Open this exercise →
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