Economy, asked by vinaybhati007vba, 2 months ago

What do you mean by debit? *​

Answers

Answered by AainaJain
2

Answer:

A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet. In fundamental accounting, debits are balanced by credits, which operate in the exact opposite direction. ... The abbreviation for debit is sometimes "dr," which is short for "debtor."

Answered by maredipudisambasivar
0

Answer:

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