Explain why the term debit doesnt always mean increase and why the term credit doesnt always mean

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Explain why the term debit doesn’t always mean “increase” and why the term credit doesn’t always mean “decrease.”

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:13 AM

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Explain why the term debit doesnt always mean increase and why the term credit doesnt always mean

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Debit means increase for asset accounts the owners drawing account and expense accounts how...View the full answer

College Accounting

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