Which of the following statements is incorrect regarding capital account?

Debit increases the capital account balance
Credit increases the capital account balance
Fresh capital increases the capital account balance
Net income increases the capital account balance

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 1

Debit increases the capital account balance statements is incorrect regarding capital account. It decreases the capital account balance.

4 views Answered 2022-09-01 13:21

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