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    tysonmd1's Avatar
    tysonmd1 Posts: 1, Reputation: 1
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    #1

    Jan 6, 2008, 06:45 AM
    Debit Credit
    In double entry accounting what's a debit and what's a credit?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 6, 2008, 08:26 PM
    In a T-Account there is the Left Side and a Right Side of the account. A Transaction of the left side is known as a Debit and a Transaction on the Right Side is known as a Credit.

    In Double Entry Accounting the Debits must!! Equal the Credits.
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