Complete the following table by indicating whether a debit or credit is used to increase or decrease

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Complete the following table by indicating whether a debit or credit is used to increase or decrease the balance of accounts belonging to each category of financial statement elements. The appropriate debit/ credit terminology has been identified for the first category (assets) as an example.

Used to Increase This Element Debit Used to Decrease This Element Credit Category of Elements Assets Liabilities Stockho

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Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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