What are debits and credits?

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a

A debit is an increase in an asset or a decrease in a liability, and a credit is an increase in a liability and a decrease in an asset

b

A debit is an increase in a liability or a decrease in an asset, and a credit is an increase in an asset or a decrease in a liability

c

A debit is an increase in shareholders' equity, and a credit is a decrease in shareholders' equity

d

A debit is an increase in revenue or a decrease in expenses and a credit is a decrease in revenue and an increase in expenses entry