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Define debits and credits

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Reference no: EM132447834

Prior to beginning work on this discussion forum, The Accounting Information System and Accrual Accounting Concepts in your course text.

In your initial post,

  1. Define debits and credits.
  2. Explain how debits and credits are used to record business transactions.
  3. Is it true that debits always increase and credits always decrease? Why or why not?

Reference no: EM132447834

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