2. Traditionally, the two effects of an accounting entry are known as Debit (Dr) and Credit (Cr). Accounting system is based on the principal that for every Debit entry, there wil always be an equal Credit entry. Accounting attempts to record both effects of a transaction or event on the entity's financial statements. This is known as the Duality Principal. Please find the Debit and Credit effects of the transaction from the following statements and give one example for each effect of debit and credit. a. Increase in assets b. Increase in expense c. Decrease in assets d. Decrease in liability e. Decrease in expense f. g. h. i. j. Increase in equity Decrease in equity Increase in liability Decrease in income Increase in income