Define debit and credit and explain how assets

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What are the two fundamental equality requirements of the double-entry accounting system? define debit and credit and explain how assets, liabilities, common stock, retained earnings, revenues, expenses, and dividends are affected by (increased or decreased) by debits and by credits.

Reference no: EM13597639

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Define debit and credit and explain how assets

Reference no: EM13597639

Reference no: EM13597639

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