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Define the terms debit and credit

Discussion Post

Define the terms "debit" and "credit". Explain how debits and credits affect the following: assets, liabilities, owner's capital account, revenues and expenses. Respond to at least two of your classmates' postings.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: Define the terms debit and credit

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