Explain the meaning of the terms debit and credit

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Explain some of the benefits of keeping accurate up to date accounts for the owner of a business and other stakeholders [the answers should Explain some of the benefits of keeping accurate up to date accounts for the owner of a business and other stakeholders]

Explain the meaning of the terms debit and credit (in context of double entry bookkeeping) and explain how these are used to keep the accounting equation balanced [The Answer should Explain the meaning of the terms debit and credit and explain how these are used to keep the accounting equation balanced]

Reference no: EM132792378

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