In this particular episode, you will learn
How Debits and Credits Increase and Decrease in Accounting
Podcast transcript:
Topics
Increases and Decreases
Debits and Credits by Account
Assets
Expenses
Liabilities
Equity
Revenue
T-Accounts
Increases and Decreases
The debit and credit rules used to increase and decrease accounts were established hundreds of years ago and do not correspond with banking terminology. Careful, as banks refer to debit cards, credit cards, account debits, and ac...
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