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CHAPTER 3 introduced the very important rules of debit & credit, journal entries, posting and preparing a trial balance. Please evaluate the following two statements

CHAPTER 3 introduced the very important rules of debit & credit, journal entries, posting and preparing a trial balance. Please evaluate the following two statements in your discussion. In your evaluation please indicate whether the statement is True or False and WHY:

STATEMENT 1: Debit ALWAYS means increase.

STATEMENT 2: My trial balance BALANCED so that means everything is PERFECT.

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