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Which of the following changes not occur as a result of entry in the bookkeeping records?
A.increase asset and liability
B.increase asset and capital
C.increase capital and liability
D.increase capital and decrease liabilityWhat’s the answer and explain??
This is the last question from you of this type that I will answer.
The reason is firstly that you have clearly not been watching my lectures – they are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
And secondly, you must have an answer in your book to this question (unless you have been set this as a test question, and we do not answer tests for you), so in future you should ask about whatever it is in the printed answer that you are not clear about – then I will explain.The answer is C because capital is a credit balance and liabilities area so credit balances. All entries should have a debit and a credit entry.
O thnx John I love u u just saved my time and I hope next time I don’t ask such questions.
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