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-   -   Assets and Liabilties (https://www.askmehelpdesk.com/showthread.php?t=554743)

  • Feb 15, 2011, 05:49 PM
    woolyb
    Assets and Liabilties
    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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