Accountancy, asked by tagoresonu952, 1 year ago

what is debit and credit

Answers

Answered by ayesha123
2
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.

credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

tagoresonu952: thanks
Answered by girimahanto
0
A debit is an accounting entry that either increase an assit or expense account, or decreases a liability or equality account . It is positioned to the left in an accounting entry.
AND
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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