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Question 34Asked in DSSSB TGT Computer Science (Technical), 7 Aug 2021, Shift 3

Which of the following is correct? I. Decrease in asset is credited

Which of the following is correct? I. Decrease in asset is credited II. Increase in liabilities is credited
  1. AOnly I
  2. BOnly II
  3. CBoth I and II
  4. DNeither I nor II
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Correct answer: (C) Both I and II

Explanation

Under accounting rules, a decrease in an asset is credited and an increase in a liability is credited. Both are correct.

From DSSSB TGT Computer Science PYQ (Technical), 7 Aug 2021, Shift 3

This is question 34 of DSSSB TGT Computer Science PYQ (Technical), 7 Aug 2021, Shift 3. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.