Accountancy, asked by adi8090, 11 months ago

list of debit and credit balance on the ledager accounts.​

Answers

Answered by Adityaprasadd
1

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

Hope this may help you

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