Do the terms debit and credit signify increase or decrease or can they signify either? Explain.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Aug 27, 2011 07:20 AM

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What do the terms debit and credit mean?
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Do the terms debit and credit signify increase or decrease or can they signify either? Explain.

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1 Debits Credits do not signify an increase or decrease in accounts 2 Debit...View the full answer

Accounting

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