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

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

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

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Question Posted: Oct 14, 2011 05:17 AM

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What do the terms debit and credit mean?
The terms debit and credit are often used in describing the effects of transactions on different accounts. What do these terms mean?
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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The terms debit and credit may signify either an incr...View the full answer

Financial And Managerial Accounting

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