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Which of the following statements is incorrect regarding capital account?

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Which of the following statements is incorrect regarding capital account?
  • ADebit increases the capital account balance
  • BCredit increases the capital account balance
  • CFresh capital increases the capital account balance
  • DNet income increases the capital account balance
Correct answer: A
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Debit increases the capital account balance

Debit increases the capital account balance statements is incorrect regarding capital account. It decreases the capital account balance.