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20 February, 07:15

Do the terms debit and credit signify increase or decrease?

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  1. 20 February, 09:19
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    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.
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