Question: Debit implies increase and credit implies decrease. Do you agree with the statement? Explain your answer.

Debit implies increase and credit implies decrease. Do you agree with the statement? Explain your answer.

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I would like to clarify that the statement debit implies increase and credit implies decrease is a general rule in accounting but it is not universall... View full answer

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the term debit means increase and credit means decrease. True or false? Explain your answer. Explain in 100-150 words

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