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Define the terms debit and credit

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Define the terms "debit" and "credit". Explain how debits and credits affect the following: assets, liabilities, owner's capital account, revenues and expenses.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citatios.

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Accounting Basics: Define the terms debit and credit

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Accounting Basics: Define the terms debit and credit

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