question archive Define debits and credits and explain how they are used to record business transactions

Define debits and credits and explain how they are used to record business transactions

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Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not? Your answer should illustrate understanding of debits and credits and how they are used to record business transactions. Respond to at least two of your classmates

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