Define what the terms debit and credit represents and explain their purpose in drafting an account.
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Define what the terms ‘debit’ and ‘credit’ represents and explain their purpose in drafting an account.
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In accounting the terms debit and credit are fundamental concepts that represent the two sides of a transaction and are used to record financial activ...View the full answer
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Related Book For 
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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