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In accounting, a debit entry usually represents

April 7, 2024April 7, 2024 CSS MPT Accounting MCQs FPSC NTS PPSC Past Papers Test Questions

(A) Assets and Expenses
(B) Assets and Income
(C) Liabilities and Income
(D) Liabilities and Expenses

The answer is: (A) Assets and Expenses
In accounting, a debit entry usually represents assets and expenses.

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Withdrawal of inventory by the owner for personal use is appeared in the trading account as a deduction from
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