Question

what is mean by debit and credit?
pls help me,​

Answer 1

Answer:

A debit increases asset or expense accounts, and decreases liability, revenue or equity accounts.

A credit is always positioned on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts

Answer 2

Answer:

A debit increases asset or expense accounts, and decreases liability, revenue or equity accounts. A credit is always positioned on the right side of an entry. It increases liability, revenue or equity accounts and decreases asset or expense accounts.

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