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Nature of Accounts, Debit and Credit Rules: In columns, enter Debit or Credit to describe the journal entry necessary to increase and decrease the amount

Nature of Accounts, Debit and Credit Rules: In columns, enter Debit or Credit to describe the journal entry necessary to increase and decrease the amount shown on the left, and which side of the account represents its normal balance.

Increase

Decrease

Normal Balance

Asset

Liability

Common Stock

Dividends

Revenue

Expense

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