Question: Explain the terms 'debit' and 'credit' in accounting.Answer: Debit increases assets and expenses but decreases liabilities and income. Credit increases liabilities and income but decreases assets and expenses.Example:
|
Simpan untuk Revisi
Bookmark item ini, tandai sebagai sulit, atau masukkan ke dalam set revisi.
Masuk untuk menyimpan bookmark, pertanyaan sulit, dan set revisi.
Apakah ini membantu? Ya Tidak
Most helpful rated by users:
- Explain the difference between assets and liabilities.
- What is accrual accounting?
- Explain the terms \'debit\' and \'credit\' in accounting.
- Define the term \'GAAP.\'
- Explain the difference between a current asset and a non-current asset.