Please, review the information and questions below. Provide more explanation on how you would solve the problem or issue with your own personal experience and/or any additional outside research you perform.

Here is Jason Timmons is struggling with some accounting concepts and has come to you for help. In particular, he does not understand what is meant by debit and a credit. He was especially confused when he learned that sometimes debits result in account increases and sometimes debits result in account decreases.

Q)

1) How would you explain to Jason what is meant by debits and credits as it applies to accounts used by a company?