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Homework answers / question archive / Briefly explain the rules of debits and credits as they relate to assets, liabilities, equity, revenue, and expenses

Briefly explain the rules of debits and credits as they relate to assets, liabilities, equity, revenue, and expenses

Accounting

Briefly explain the rules of debits and credits as they relate to

assets, liabilities, equity, revenue, and expenses. Do debits always increase an account? Do credits always decrease an account? Give examples.
please include your reference.
Thanks :)

pur-new-sol

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