The complete set of rules for making entries to accounts is as follows: Increases in assets are
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The complete set of rules for making entries to accounts is as follows:
Increases in assets are [debits / credits].
Decreases in assets are [debits / credits].
Increases in liabilities and equity are [debits / credits].
Decreases in liabilities and equity are [debits / credits].
Increases in revenues are [debits / credits].
Increases in expenses are [debits / credits].
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