A debit entry in a fixed asset account represents

Accounts - Principles of Accounts

WAEC 2020

A. an increase in the fixed asset account.
B. a decrease in the fixed asset account
C. a profit on disposal of the fixed asset
D. a loss on disposal of the fixed asset

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Correct Answer: Option A

Explanation

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A debit entry in a fixed asset account represents

Correct Answer: Option A

Explanation

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