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Credit entry increase the owners equity account.
The correct option is2) credit
Credit is my answer..................................
2. Credit ............................. this entry will increase owners equity and the corresponding debit entry will be made in the asset section either being cash, bank or fixed assets
Option2 is the right answer.
According to Debit & Credit Rules
When Owner's equity increases then it is recorded on Credit Side.
Ans Credit
Credit entry is used to increase owner Equity
Correct answer is:2- Credit
According to Double entry all entries will have a debit and credit question itself is not clear
