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What entry is used to decrease an asset account?

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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/08/08

Credit .............................................................

Golam Mahiuddin Mahiuddin
by Golam Mahiuddin Mahiuddin , Deputy Manager Audit , JSJVL (Jamuna Gas)

Assets account ......credit

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The correct option is2) Credit

Credit entry is used to decrease the asset.

Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

Credit is the road to decrease an asset account.

2. Credit is correct answer.................

The answer of question is:-1. credit.

Imdad Hussain Rajput
by Imdad Hussain Rajput , Assistant Sales Manager , Forego

Credit is correct answer......

mohamed soliman
by mohamed soliman , General Manager , Al Babtain Group

2. Credit...................

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Credit ............................

Said Shaban
by Said Shaban , Accountant , Tri State Materials Testing

The correct answer is :2- Credit

Milos Vasic
by Milos Vasic , Trainer , IT Trainer( English & Arabic)

Credit but must take into account that the currency is in question and what is the state of that currency at a given moment, in Serbia have a lot of examples where citizens took loans in Swiss francs and behold, now have even5 times more to contribute to repay the loan installment, so place100 now have to pay even500! (I cited as an example)

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