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Identify whether a debit or credit yields the indicated change for each of the following accounts:
example:1. To increase Store Equipment

I am not sure what the question is asking and I speciffically don't know what "debit or credit yields" means.

2006-11-16 14:55:26 · 2 answers · asked by GeAuX tIgErS!!!!!!!!!! 2 in Business & Finance Other - Business & Finance

2 answers

I think "yields" here means "gives" or "results in" the indicated change.

Store equipment would be an asset account. If you're increasing it, you'd use a debit to that account.

2006-11-16 15:01:11 · answer #1 · answered by Judy 7 · 0 0

What are the accounts that you have to determine the affect of buying equip on?
Buying equipment would cause a debit in your accts payable.
You are right the question is weird but buying equip. would be an increase in your assets.

2006-11-16 23:09:36 · answer #2 · answered by CAE 5 · 0 0

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