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Michael Clemente
on Dec 16, 2024

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A debit is abbreviated as Db and a credit is abbreviated as Cr.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, on a company's balance sheet.

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.

Abbreviated

Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.

  • Gain insight into the roles of debits and credits in influencing account balances.
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Stephanie AkajiobiDec 20, 2024
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