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No, debits do not always increase the balance of an account while credits always decrease the balance of an account. A debit increases the balance

No, debits do not always increase the balance of an account while credits always decrease the balance of an account.

A debit increases the balance and a credit decreases the balance of an asset account while a debit decreases the balance and a credit increases the balance of a liability account and an equity account.

The reason for this is that these rules allow the basic accounting formula to balance.

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