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Britney Garcia
on Oct 16, 2024

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A debit entry always increases an account.

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.

Account

A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.

  • Acquire knowledge on the mechanisms of debits and credits and their repercussions on account balances.
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HA
Hannah AshleyOct 18, 2024
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