Description of debits and credits

Reference no: EM1364915

What are debits and credits? In your opinion, why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them?

Reference no: EM1364915

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Description of debits and credits : What are debits and credits? In your opinion, why do accountants debit asset accounts to increase them but credit liability accounts to increase them?

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