Question

rules of debit and credit

Answer 1

 The rule that total debits equal totalcredits applies when all accounts are totaled. An increase (+) to an asset account is a debit.

Answer 2

In financial accounting or bookkeeping, “Dr” (Debit) indicates the left side of a ledger account and “Cr” (Credit) indicates the right. Therule that total debits equal totalcredits applies when all accounts are totaled. An increase (+) to an asset account is a debit.



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