Accountancy, asked by fulla11, 10 months ago

What is debit and credit?

Answers

Answered by Anonymous
3

Answer:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

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@dhruvchaudhary38

Answered by Anonymous
4

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

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