(A) Income and gain A/cs shows increase on credit side
(B) Expenses and losses A/cs shows reduction in balance on debit side
(C) Assets A/c can have credit balance also
(D) Debtors are the owing of the business
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(A) Income and gain A/cs shows increase on credit side
(B) Expenses and losses A/cs shows reduction in balance on debit side
(C) Assets A/c can have credit balance also
(D) Debtors are the owing of the business