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

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Question: 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.

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?

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