Question

describe the rules of debit and credit​

Answer 1

Answer:

Debits and credits are the opposing sides of an accounting journal entry. ... Rule 1: All accounts that normally contain a debit balance will increase in amount when a debit (left column) is added to them, and reduced when a credit (right column) is added to them.

Answer 2

Explanation:

• Debits and credits are the opposing sides of an accounting journal entry. ... Rule 1: All accounts that normally contain a debit balance will increase in amount when a debit (left column) is added to them, and reduced when a credit (right column) is added to them.