Interestingly, assets have a debit balance and liabilities and capital are credit balances. Yet, expenses have debit balances and revenue- a credit balance. Can you explain the reason for this, with an example.
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Interestingly, assets have a debit balance and liabilities and capital are credit balances. Yet, expenses have debit balances and revenue- a credit balance. Can you explain the reason for this, with an example.
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