what is credit and debit?
what is balance sheet?
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A debit entry in an account represents a transfer of value to that account,
A credit entry represents a transfer from the account.
Balance sheet is a written statement showing the amount of money and property that a company has, and how much has been received and paid out.
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In double entry bookkeeping, debits and credits are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account.
A written statement showing the amount of money and property that a company has, and how much has been received and paid out
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