Solved: What are debits and credits, Accounting Basics

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What are debits and credits

Question 1 - What is the accounting equation? What does it tell you? Why does it have to balance? What happens if the equation does not balance?

Question 2 - What are debits and credits? How do debits and credits affect the accounting equation? Are debits always increases? Are credits always decreases? Why or why not?

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Accounting Basics: What are debits and credits

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Accounting Basics: What are debits and credits

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