Explain how debits and credits are posted and the types of accounts that are impacted by each

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Explain how debits and credits are posted and the types of accounts that are impacted by each of these transactions. In other words, do debits impact assets and if so, does the debit increase or decrease that account? Use this example as you work through the debit and credit discussion question.

Posted Date: Dec 02, 2021 02:30 AM

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Explain how debits and credits are posted and the types of accounts that are impacted by each

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Debits and credits form the basis of the doubleentry accounting system of a business Debits represen... View the full answer

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