Accountancy, asked by fulla11, 11 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.

HOPE IT HELPS YOU BUDDY.....

@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.

Attachments:
Similar questions