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Discussion question: According to bbn ourvrules of debits and credit, an increase to an asset(such as our cash account) is a DEBIT and a decrease
Discussion question: According to bbn ourvrules of debits and credit, an increase to an asset(such as our cash account) is a DEBIT and a decrease is an asset is a CREDIT. Why then when we look at out bank statements is a deposit a Credit? Why does this seem backwards?
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