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Briefly explain the rules of debits and credits as they relate to assets, liabilities, equity, revenue, and expenses. Do debits always increase an account? Do

Briefly explain the rules of debits and credits as they relate to assets, liabilities, equity, revenue, and expenses. Do debits always increase an account? Do credits always decrease an account? Give examples.

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The rules of debit and credit which guide the system of accounts they are known as the Golden Rules ... blur-text-image

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