Debit And Credit Definition – Accountants In Islamabad

Submitted by noman ahmed | July 19, 2022, 11:06:50 | Business

Transactions in business are any events that have an effect, measurable in monetary terms, on the financial statements of an organisation. In order to properly account for these transactions, we record the relevant values in two separate accounts, with the debit column located on the left and the credit column located on the right.

Source: https://accotech66.blogspot.com/2022/07/debits-and-credits-definition.html

Tags: Credit Account, Debit Account, Debit and Credit

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