credit in accounting Exercise 2Answer the following premises:Explain in your own words the concept of debit in accounting.Explain in your own words the concept of credit in accounting.Explain in your own words the difference between ledger and account.

Debit :- In accounting it indicates benefit received by a particular…

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Business

Accounting

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 29MC: Which of the following accounts is increased by a debit? A. Common Stock B. Accounts Payable C....

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credit in accounting

Exercise 2
Answer the following premises:
Explain in your own words the concept of debit in accounting.
Explain in your own words the concept of credit in accounting.
Explain in your own words the difference between ledger and account.

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