Rules in debit and credit

Mrs. Bang needs to add investment and she decided to loan from the bank worth P50,000.00. What is the effect of this transaction?

• Increased in Assets

  Increased in Owner's Equity

• Increased in owners equity

  Decreased in assets

• Increased in Assets

  Decreased in liabilities

• Increased in Expenses

  Increased in income

The client said that he will pay his orders worth P150.00 on the following day.

• Increased in assets

  Decreased in liabilities

• Increased in assets

  increased in Revenue

• Increased in assets

  decreased in revenue

Paid the debt at Masagana appliances worth P9,500.00.

• Increased in expenses

  Decreased in assets

• Decreased in Liabilities

  Decreased assets

• increased in liabilities

  decreased in owner's equity

Annabelle Briones, a customer, ask issue a promissory note for the 100 pieces of school uniform amounting to P2,300.00

• Increased in Liabilities

  Increased in revenue

• Increased in assets

  Increased in Liabilities

• Increased in assets

  Increased in Revenue

Paid the utilities worth P500.00 in cash

• Increased in expenses

  Increased in assets

• Increase in expenses

  Decreased in assets

• Decreased in liabilities

  Increased in assets