Social Sciences, asked by daretoface97388, 10 hours ago

what is debit and credit in accounting. Mention there definition clearly​

Answers

Answered by ayeshavillanueva2008
0

Answer:

debit is an entry in the left hand column of an account to record a debt; debits increase asset and expense accounts and decrease liability, income, and equity accounts. credit: an entry in the right hand column of an account; credits increase liability, income, and equity accounts and decrease asset and expense accounts.

Explanation:

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