Accountancy, asked by ashwinshenoy867, 1 month ago

how do debits and credits works in accounting ? ​

Answers

Answered by chpravallika
1

Answer:

Debits and credits are equal but opposite entries in your books. If a debit increases an account, you will decrease the opposite account with a credit. ... A credit is an entry made on the right side of an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account. hope its help u do brainlist

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