Accountancy, asked by MISSHOTCHOCOLATE, 2 months ago

ʜᴏᴡ ᴅᴏ ᴅᴇʙɪᴛꜱ ᴀɴᴅ ᴄʀᴇᴅɪᴛꜱ ᴡᴏʀᴋ?​

Answers

Answered by mrAdorableboy
18

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Debits and credits are used in a company's bookkeeping in order for its books to balance. Debits increase asset or expense accounts and decrease liability, revenue or equity accounts. When recording a transaction, every debit entry must have a corresponding credit entry for the same dollar amount, or vice-versa.

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Answered by Anonymous
13

Answer:

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