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Whats are the debit entry and credit entry??

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Jul 1 at 10:9:0
Adnan
Adnan
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1 Answer

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In double entry bookkeeping every transaction is recorded twice so that every debit is balanced by a
credit.


A debit entry will:

1- Increase an asset
2- Decrease a liability
3- Increase an expense

A credit entry will:

1- Decrease an asset
2- Increase a liability
3- Increase income

A trial balance can be used to test the accuracy of the double entry accounting records.
Jul 1 at 10:14:25
Ashiq
Ashiq
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