Register

Why does the term debit not always mean increase and credit does not always mean increase.

Why does the term debit not always mean increase and credit does not always mean increase.
129k views
4 votes
Why does the term debit not always mean increase and credit does not always mean increase.

User Marcus Ahlberg
by
8.3k points

1 Answer

3 votes
Sometimes you will use Debit to increase an account (ie: Assets) and sometimes you will use Credits to increase an account (ie: Liabilities)
User Samual
by
7.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
Link Copied!