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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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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