Accountancy, asked by Amrinnalbandh, 1 day ago

How do debits and credits work? ...​

Answers

Answered by sachinkumar1812
1

Answer:

How do debits and credits work?

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account.

A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry.

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