Monday, December 26, 2011

What does a debit signify in bookkeeping?

In bookkeeping, a debit can signify an increase in an asset,
an expense, and the owners draws. A debit can also signify a
decrease in a liability, revenues, and owners equity. A debit is
one-half of bookkeepings double-entry system. The other half is a
credit. A debit is also the amount entered on the left-side

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