BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Debits increase asset or expense accounts and decrease liability, revenue or equity accounts. Credits do the reverse.

Detailed explanation-2: -These ending balances by account type can be referred to as the natural balance. Assets and expenses both increase with a debit and therefore have debit ending balances. Liabilities, equity, and revenue increase with a credit and therefore have credit ending balances.

Detailed explanation-3: -A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. Machinery is a fixed asset account hence it is increased by debit entries.

Detailed explanation-4: -Assets account is debited, and the revaluation account is credited on the increase in the value of assets.