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An Introduction to Debit and Credit in Accounting

The accounting system has been vigorously using the terms “debit” and “credit” for decades. Debit and credit are crucial to the accounting system most entities use today, i.e. the double-entry bookkeeping system. Below we have introduced debit and credit in accounting as simply as possible.   The following topics have been discussed in this article: … Read moreAn Introduction to Debit and Credit in Accounting