In Accounting, we store financial data in "accounts". There are essentially 5 categories of accounts: Assets, Liabilities, Equities, Revenue and Expenses. In each category, you have a number of different accounts, such as under Assets, you can have a Cash Account, A Truck Account, etc... The concepts of "debit" and "credit" are often thought of in terms of increases and decreases. QUESTION: In your own words/ terms, how would you explain the concepts of Debits and Credits to someone who has never heard the term before? In addition to posting your answer to the questions, please respond to at least 2 classmates postings, adding an assessment of their posting by providing your insight as to liked about their post/thought process and what could have been possibly presented differently. what you