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CA Foundation · Accounting · Debit or Credit (Modern Rules)

Exercise and reference answers

Items
  1. Item
    Increase in asset
    Answer
    left
  2. Item
    Decrease in asset
    Answer
    right
  3. Item
    Increase in liability
    Answer
    right
  4. Item
    Decrease in liability
    Answer
    left
  5. Item
    Increase in expense
    Answer
    left
  6. Item
    Increase in revenue/income
    Answer
    right
Categories
Left
Debit (Dr)
Right
Credit (Cr)
Instructions
Sort each transaction effect: debit or credit?
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