Discusison
Prior to beginning work on this discussion forum, read Chapter 3: The Accounting Information System and Chapter 4: Accrual Accounting Concepts in your course text.
In your initial post,
• Define debits and credits.
• Explain how debits and credits are used to record business transactions.
• Is it true that debits always increase and credits always decrease? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.