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Prior to beginning work on this discussion forum, read Chapter 3: The Accounting Information System and Chapter 4: Accrual Accounting Concepts in your course text.

In your initial post,

  • Define debits and credits.
  • Explain how debits and credits are used to record business transactions.
  • Is it true that debits always increase and credits always decrease? Why or why not?
    • 7 years ago
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    kim woods
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