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loss & expense
What is this?
Debit all expenses and losses
Expense and Loss
Debit in Nominal account denotes : Expenses or Losses
LOSS
A debit in nominal account means an increase in either a B or D, or decrease in A or C. Technically, the question is not valid, the answer depends on the movement of each option. It could be all of the above.
The opponent is of expenses and thus holds the profit and loss account is
Loss
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