Accountancy, asked by choudharyraghu60, 1 year ago

what is debit in accounts

Answers

Answered by mohsinalam
7
A debit is an accounting entry that either increases an asset or expenseaccount, 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 expenseaccount.


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