Question

define rules of debit and credit under traditional approach​

Answer 1

Answer:

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Explanation:

Rules of Debit and Credit: When Accounts are Classified According to Traditional Classification of Accounts: Debit and credit are simply additions to or subtraction from an account. ... Asset, expenses and losses accounts normally have debit balances; liability, income and capital accounts normally have credit balances.

Answer 2

Explanation:

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