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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 15:00:17 · 1 answers · asked by GeAuX tIgErS!!!!!!!!!! 2 in Education & Reference Higher Education (University +)

1 answers

The question is asking whether a debit or credit entry is required to post an increase to "Store Equipment" which, based on its name, is a fixed asset.

The answer is "a debit".

This question is poorly worded.

2006-11-16 15:46:26 · answer #1 · answered by Philip S 2 · 0 0

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