Business Studies, asked by shayannaaz, 1 year ago

Debit ka Kay matab hota h

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Answered by cheryl2
0
Meaning of debit in business:
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Simple meaning of debit:
an entry recording a sum owed, listed on the left-hand side or column of an account.


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