Question
Prior to beginning work on this discussion forum, read Chapter 3: The Accounting Information System and Chapter 4: Accrual Accounting Concepts in your course text.
Prior to beginning work on this discussion forum, read Chapter 3: The Accounting Information System and Chapter 4: Accrual Accounting Concepts in your course text.
In your initial post,
- Define debits and credits.
- Explain how debits and credits are used to record business transactions.
- Is it true that debits always increase and credits always decrease? Why or why not?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
9th Edition
111970958X, 9781119709589
