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2. Which of the following rule is applicable for Asset Account as per accounting standards in business? Increase-Debit; Decrease-Debit. Increase-Debit; Decrease-Credit. Increase-Credit; Decrease-Debit. Increase -
2. Which of the following rule is applicable for "Asset Account" as per accounting standards in business? Increase-Debit; Decrease-Debit. Increase-Debit; Decrease-Credit. Increase-Credit; Decrease-Debit. Increase - Credit; Decrease-Credit. 3. Which of the following rule is applicable for "Liability Account" as per accounting standards in business? Increase-Credit; Decrease-Debit. Increase-Debit; Decrease - Debit. Increase - Credit; Decrease - Credit. Increase - Debit; Decrease - Credit
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