Accountancy, asked by mayurvinodkadam2004, 22 days ago

what is credit and debit?
what is balance sheet?​

Answers

Answered by s02371joshuaprince47
1

Answer:

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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Answered by shubham1160
1

Answer:

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

Explanation:

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