Since you are enrolled in an introductory accounting class, a friend asks you the following: I've never

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Since you are enrolled in an introductory accounting class, a friend asks you the following: "I've never understood debits and credits. All I know is that debit means bad and credit means good."
Required
Write a brief explanation of the terms debit and credit and how they are used in an accounting information system. Explain why debit and credit cannot mean good and/or bad.
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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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