Question: Question: In your own words, define debit and credit. Answer using examples for each of the following: assets, liabilities, common stock, retained earnings, revenues, expenses,

Question: In your own words, define debit and credit. Answer using examples for each of the following: assets, liabilities, common stock, retained earnings, revenues, expenses, and dividends are affected (increased or decreased) by debits and by credits. IT HAS TO BE MORE THAN 500 WORDS

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