What do you think of when you hear the word debit


What do you think of when you hear the word debit?

What do you think of when you hear the word credit?

Why does your bank statement show a credit for an increase in your cash balance?

Is an increase in your bank statement a debit or a credit?

What method would you use to summarize transactions and transfer to the ledger?

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Accounting Basics: What do you think of when you hear the word debit
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